The income isn't the problem, I earn sufficient to cover the entire mortgage on any given month but losing even $100 per month on a property starts to negatively impact my mindset ... from time to time. 

. • A population exceeding 1M will have sufficient historical data so you can evaluate trends.

We chose Memphis as it fit our needs for cashflow and opportunity to purchase higher quantity.

N/O/O is sufficiently more generous that I have closed loans for unemployed clients who can't get $50k as an owner occ, but could (& did) get $750k as N/O/O.

I had one seller that I did a sub too with.. walk over to her bank and say I just sold my house.. bank called the note in 5 days or less LOLso just depends.. but with sufficient equity its all good.. you do this model just to make a few hundred a month in delta on cash flow its as you say Frankenstein.. and bound to fail.  

Unfortunately, I neither live in nor am familiar with any city in which either the inventory of multifamily properties or the investment returns are sufficient. 

I've always wanted to live out in the country, and be as self-sufficient as possible, working my soul-sucking gov't accounting job, saving $$$, when the opportunity arose to move out to the farmstead, I had enough resources to do so.

For a single private placement, a custodial account should be sufficient and cost effective. 

Families want a sufficiently large backyard for the children to play.

Self Sufficiency is different than the discount to calculate actual rental income, the SS test is a separate FHA test to make sure that if FHA had to take back this property they will have sufficient cash flow to service their investors debt.