Trying to pinpoint a market that would bring cash flow that I can afford.

My biggest worry would be the HOA fees going up once the suburb is complete right now they are low or none existent.I feel like everything just outside Asheville is doing well because it’s alittle more affordable.

I have been a Realtor for about 4/5 years now and have a decent amount of liquidity saved up (just under $100k) to be invested into my first rental property.To be honest, I have been considering buying Section8/Affordable housing properties due to their "guaranteed" rent/tenant stability. 

I understand that they can be dangerous from the perspective of historically they were predatory and people purchased properties that they couldn't afford, getting hit hard with the intro interest-only period of 5/7/10 years expire... but I see it as a flexibility option.

Thanks for the info and entertainment.

You may need to focus on a less expensive single family of maybe a duplex in an affordable market but a decent 4 plex will be out of your price range.

Have you checked with a good mortgage broker to double-check on your affordability?

How do you calculate the maximum you can/want to afford?

I am located in the northeast but looking to move to somewhere more affordable in the near future..

I currently have my own place I live in for free from family, so I can afford the mortgage on the single family I want to buy but don't know what type of loan to get that would allow me to rent it out without having to live in it for a year?