Thanks for sharing guys, great tips and techniques, that i will be looking to explore.

How much capital should someone consider a safe start up amount when taking @Saar Kagan's approach? 

If you end up denying the application due to information in the credit report, just make sure you comply with federal law and provide the appropriate notice:https://www.ftc.gov/tips-advice/business-center/guidance/using-consumer-reports-what-landlords-need-knowBetter safe than sorry!

Kindly take a look a the diagram labeled 70 Safe Haven Residential Rental Markets.http://www.realtytrac.com/news/real-estate-investi...Additionally, with regard to your concern about the 2% rule, this is not sustainable in various parts of the country.

The easiest way (financially) to buy property is to learn creative financing techniques.  

Hi BP,Is there a safe cost assumption I can use, for the price of gas per unit in the northeast?

I am also looking to buy a place to live in: something <110k, with a preference for either nice historical/safe neighborhoods or condo close to downtown with nice views.

Looking at it in this way will keep you safe and within the regulations of the IRS (especially as a SDI is concerned.Second, there are three major categories of rules in regards to an SDI. 1.

So the real advise is thus: Since the SAFE act, stay away from loans to owner occupants!

This is a good place to use a broken record technique.