I do this with one lot where I will list several different house plans at different price points as long as the area will support it.If the road front lot and house are the least desirable then that would be a good lower price point option if you feel it's necessary.    

But beachfront locations are going to be good for you.You are saving a ton of dough on the furnishings as long as they are in good shape.

Credit and reserve requirements are reasonable and as long as rents cover the monthly payment they have options. 

I have one SFR that I invested in through HomeUnion, but I wasn't too happy with the process (they just have unrealistic numbers and charge way too many fees).I have about 100-150k personally and also have a friend that said I can borrow 500k-1M under almost any terms as long as it's better than a current CD (i.e. ~3% for ~10 years).

There is not a lot to it as long as you paper your tenant when appropriate, always deal with issues as though they will be reviewed at some future date by a Judge.

The age would not matter as long as the property was in good condition and has been well kept.

However, I am not attached to any region in particular, as long as it is a good deal in an easy to rent area I would be interested.

My criteria here is 600 score and up as long as it is paired with no criminal, evictions, and good employment reference (landlord referral too if I can be sure its truly a previous 1 or 2 landlord).Back to Sec8.

That being said I would do it again in a heartbeat so long as there is enough profit in the deal to share with the next guy.

There are no taxes on any of the income or even real estate sales as long as the funds stay with the 401(k).