I love this idea, but would first talk with your ciry to determine the building regs.Have you done any comparison to see the cost difference than just building a typical multi-unit property with small units?

DSCR is a better option on rates and cost compared to Fannie and Freddie loans.  

That generally means going where housing is still relatively cheap, holding costs such as taxes and insurance are relatively cheap, and there is a lot of upward pressure on the housing market. 

They estimate over 80% of those jobs to come back to NWA. 

It has a population of about 90,000, and it is a much higher cost housing market than Albuquerque (incl Rio Rancho).

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

You can try to incorporate a seller concession to help cover closing costs and reduce cash to close.

My credit union does 95%LTV with no closing costs and desktop appraisals.

Those factors don't even take into consideration the cost to prep a unit at turnover and possible placement fees paid to an agent to find a replacement tenant.

The area shows high rental estimate on the bigger pockets rental estimate tool.