The kitchen, living room, and bedroom are one room, the laundry and bathroom are together.

I purchased my first home through NACA to actually live in and I'm curious on how to build my RE portfolio from here.

You may also want to consider buying this as a primary and living in it for a year.

The calculator is a LIVE excel with multiple tabs and all of them are interconnected, you may mess up a formula and you will see awesome returns inaccurately.

Additionally, young adults are living together with no intention of marriage.  

My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price). 

The best market is likely a "Good" cash flow market that you have some ties to, in some way shape or form, or one that is a reasonable drive from where you live, if practical/possible. 

FHA 203k wont work unless youre going to live in the property as your primary.

I have a tenant who lives in my very nice three bedroom unit whose lease provides a pet authorization for “one dog, one cat and one rabbit.”

Quote from @Christina Weaver: Hi, @Steven Hamilton II  my husband and I live in California, a community property state.