You should also take several fees, such as a management fee based on total gross rents (in the US it's usually 10% on singe family and 3-5% on larger properties).

I know there are plenty of bad locations in big cities but again, at my price point, I don't have as much choice as I would if I were at 1.5MM-2.0 MM.

@Gamaliel M.With 170k in equity I would look into the possibility of 1031 exchanging that equity into a larger property with more doors.

Get them a larger garage can and go by the property more often. 

Your choice. 

i currently own 3 investment properties total, but i hope to grow that number much higher in the next few years, if possible. adamSome of the larger investors talk down on the smaller ones.

The spread would have to be much larger than $150k over $185 to make a good wholesale deal.

My architect says I have the option of making the ADU two stories, and I'm weighing the pros and cons of doing a small, cheap conversion and a larger, more complex build out with potentially better long term returns.

Currently  We are considering moving to a larger house, and making this house our first rental.

I was thinking that the owner financing terms are better terms then the HML so try and use that for the larger amount.