@Norense IyahenEvery market is different to determine whether MF or SFH's are better.Normally, it is a supply / demand issue.Markets that have a lot of land area and most of the housing development is SFH's will see that the price of MFH's be higher.However, in areas with more quantity of MFH's, it may drive the price down.Furthermore, it doesn't help that every guru / real estate website is touting for investing in MFH's which is driving up the price(lowering the return).I personally invest in SFH's and have over 25.

You can have that mentality and even tell others but it is simply false and extremely limiting.

Starting with the end in mind is always a great way to start analyzing properties and portfolios to determine the steps to get there. 

That's $8,000 in your pocket and very few people will walk away from that kind of money.The point of application screening is determining a level of risk.

When you bought it, did you note the condition of the carpet and make a mental note and jot down on your spreadsheet that you need to replace the carpet on tenant turn? 

It is up to you to determine that point in time.

Again, your purchasing power, your subs (or GC) will also determine fluctuation in these costs as well as quality of the finishes, design, etc.

In the end, the individual neighborhood will determine potential rental income.

In that case, I may determine market rates and raise them to 90% of that as a reward.

I believe that I am still in the research and learning stage of my RE journey, but I am proud to say that I have determined that my overall goal is cashflow (qualitative) with an immediate goal of $1000/mo (quantitative).I am on ep. 50 of the BP Rookie podcast, and I don't think anyone has been on (yet) that is investing in CA.