And as Rod mentioned, you can also get the updated approved rent limits, which can be higher than the market rate.

My concern is by signing up with one real estate agent you limit your options/potential deals.

Now the sky is the limit, some what.

I would much rather have rentals outside of an HOA, as these add additional costs and limit your flexibility with the property (have to send any exterior decisions to a committee, sometimes cannot rent OR can have ability to rent revoked by committee vote).Aside from that, the main things I see are 40K for 1 property grossing $675/mo or 2 properties for 45K grossing $1000/mo.

If you are letting people pick out colors, limit the number of colors.

From my limited reading I'm leaning towards a multi-family unit as my first property and I have my eye on a duplex here in my city listed for $23,000.

But since there is a limit to how much money the bank has access to....their rate will be higher...and usually a shorter term.

i also have heard that it limits you on what you can do with investing.example. you can't negotiate a person to a below market value deal because it may be considered stealing or unethical. etc.

That would probably be my limit of going to higher offer on 70k.

My limited experience with short sales showed me that banks can hold out for quite some time in order to get what they want!