The largest hurdle for us was finding a lender and a realtor that understood the unique requirements of buying multifamily with FHA. 

But with your combined incomes, you'd have no problem renting in those areas while your cash flow (and appreciation) accumulate on your first rental.  

They actually used a combination of triple vented and solid. 

But you could still end up ahead with the combination of appreciation and principal pay down.

It's a combination of two things IMO: proximity to jobs and prestige/desirability of area.

But given the taxes that is the majority of the take away ($), I don't want to go any higher than what I came up with.And I know my % for R&M ($1,320) and capX  ($600) are very low but if for nothing that combined that if something happened I think I could cover it.

The big risk is a prolonged vacancy combined with unexpected expenses.  

"Applied Accurate Knowledge is Power"You can have knowledge that is incorrect, correct knowledge that you never implement, or a combination of the two.

They have agreed to hold paper for us on unique properties they wouldn't normally, such as off the grid properties.Finding the right properties is the biggest challenge, once that's done getting them ready and rented is easy and the fun part for us!

It's important to note that not everyone will have the same taste in decor, so having a vibrant/unique colour scheme could be a turn-off for a lot of people.Clean from top to bottom.Every room should be cleaned and bad odours removed as it could be something as small as this that turns viewers off the home.