Location question is still hard to reconcile though...How did you decide on the places you chose to invest in Hi Maria, I had a few places in mind from a place of historic cashflow/legal environment/physical hazards/price point/economic outlook.

If you are investing in an area that historically has seen appreciation and will likely appreciate in the future, 1% is a good standard.

This looks like a great opportunity just mind your cap ex, and check for any historical restrictions as well. 

The report reveals that the number of renter households earning over $1 million has tripled since 2015, reaching a record high of 3,381 in 2020.Historically, cash for a downpayment has been cited as the #1 reason people didn’t pursue homeownership, but we’ve began to see a larger group of individuals in younger generations opt to rent even with more than enough cash available to finance home purchases.Who are the millionaire renters?

Is there a way to short-list based on total assets or historical IRR?

Julie Marquez  one thing your giving up and is one the the most important aspects of real estate ownership to those of us who live on the West coast and in higher priced historically appreciating markets is the owner occ 250 single and 500k married TAX FREE gain you get when you sell your primary and you only have to live in it 2 years and you can do it as many times as you can through your life.

Numbers should be based on long term historical averages and actuals, not hopes and dreams or doomsday fears (though you should be as well prepared for both as possible).

However, historically, we have been very patient investors so when we have used financing the amount has been very minimal.

Get the historical T12 (trailing 12 month profit & loss statements) and rent roll, and compare to the norm for the area.

@David Villa Nashville is still booming and hitting historical highs in real estate.