And if the rent payment is not sufficient to cover the mortgage and have a reserve, I could lose money on a deal like this...

I will have to get an appraisal to see if my equity is sufficient for a refi.

Can you define "self sufficiency"?

As a 23 year old who is 100% brand new to the REI game I find myself curious as to what the general consensus would be considering my current starter plan. As the subject of this post suggests, my goal is to be finaci...

Also less addresses to manage.. but tenants tend to be less self-sufficient than SFH occupants..

The vast majority of residential properties are owned by home owners, not investors. 

You get on the bus at one place and get off them at another.I suggest you either start at the most recent filing and work backwards enough to collect 100 records, wait for enough records to group one month's worth, or go to multiple courts and collect sufficient data to create the database size you are looking to work.You could mail a database of 100 records (or 200 or 1,000) every month of two and provide a different message, more appropriate to the PR after a few months have elapsed 

And the difference between the stated returns and my numbers are vastly different.  

The development, although beautiful and self sufficient (grocery stores, schools, etc) it is in the middle of no where and about a 30-40 minute drive to the nearest city.I wouldn't want to invest in a pre-construction  project where the community is already struggling with vacancies.  

I own several residential properties but dealing with lease negotiations with the landlords for my PJs; it is a vastly different game for sure.I'm planning to syndicate a 1.6 acre commercial retail development in a growing neighborhood - although I'm well versed in residential real estate and other areas of business.