Specifically, I'm thinking about getting properties which ideally satisfy the 2% rule or at least are significantly above the 1% rule (ratio of monthly rent to purchase price + renovation cost).Given these goals and the fact that my constraints, I have the following questions:a) Which markets are best to look at ?

I would likely put in a 2.5 car garage.We have had one estimate for just replacing the drive and 2.5 car pad (not including garage) and that came to $25,000. 

Requires the tenant to pay the landlord's attorney's fees or costs that are incurred in any legal action or dispute arising under the rental agreement.This is the illegal provision that I see the most often when reviewing rental agreements.

If you are doing delayed financing the loan would be based on LTC (loan to cost) and you would be getting purchase rates.

Low cost of living, strong job markets, and strong monthly rental growth in both these states have a lot to do with it too.

Recently we've found seller(s) to be increasingly receptive to concessions of up to $20k towards buyer(s) closings costs.

If you manage it and screw something up, you'll cost him a lot of money and you'll lose the friendship.

Google CEO estimates that we will see their capabilities double every 12-18 months.Which means factory jobs are being next.

Partner Driven financed the Church St deal using its own capital, covering the $190,000 purchase price and $60,000 in renovation costs.

In the Cape Coral market, rents have increased so fast that some estimates are easily 30% under market.