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?

Have entertained Weaverville, Black Mountain, and Burnsville

This market cooling has afforded home buyers and investors the boon of opportunity.

Your debt-to-income ratio, as well as how much you can put down for a down payment/closing costs will largely dictate what you are able to afford.

Arlington limits them to within a couple miles from the entertainment district.