Extremely low vacancy rates, very low turnover, maximized rent trough improvements, create high resident satisfaction etc - all add up to a critical advantage over a 10 year period.I feel lucky that have landed in a market which had both cash flow and appreciation over the last decade. 

Then the other thing is Oregon coast is just Brutal on maintenance especially ocean front or near.. so need to up your cap ex. 

From what we've read, FHA loans are great for people like us who have limited credit histories and the low money down requirements are awesome.

In the sense that trailers provide low-income people with the possibility to be self-sufficient and at least some asset ownership, I think he would favor them.

When I put in the values of our current house in the Rental Calculator, it says "low confidence".

@Gabe N.This is one of the reasons I do not have tenants handle any property maintenance.

That income sounds low for Sedona. 

@Jacob Hancock-no reason to start with a new build - way too much risk and complexity-start with a house hack with a low down payment loan-if it goes well, do it againgood luck

I invest in Jacksonville FL where the homes are worth in the low 200s.I find that CPAs will tell you to have one LLC for each property... maybe because they can charge you more per tax return :)

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.