My wife is not part of the loan.I am planning to buy a 2nd and vacation home (80 miles away) from the primary residence.I would like to use the low down payment to purchase this property.

To take time to train someone  costs me thousands of dollars per hour in production at a minimum.

@Nick ZiasThere are mortgage products for your situation that don't involve banks.  

Often this will be in lower class neighborhoods where that higher rent to value ratio compensates for higher tenant turn over and other related issues.There are places where you will only hit 1% or 0.8% but tenants are low maintenance, properties are in good repair and that kind of return still makes sense.Regardless of which rule you follow, you will still need to analyze the entire deal and determine if it really cash flows.If a property that fits the 0.8% rule cashflows $300 a month and another property that fits the 2% rule cashflows $50 a month, which would you prefer?

One of the posts that was removed, probably because it was an advertisement, mentioned a cap rate below 7%, which is very low compared to other markets.  

Passive house building standards are aiming a low but not zero energy costs. 

As an operator of a turnkeyesq product I have a unique point of view about this topic.I think it is a good idea for you to look at the property, the neighborhood & hire an inspector on your 1st purchase.

I agree that 8% is probably low in Houston, especially as we look to the next year.  

yr 2000 or newer, low rehab for $25k or less.  

Apple) who have committed to taking back their products at end of life.