For "buy and hold" investors, the markets support rental properties, with high demand, and very low vacancy rates.Texas and Oklahoma also have many other smaller markets in both states where you can do very well investing based on oil & gas prices and pick up properties very cheap that will rent for more than 2%.

Having the right broker support that aligns with what you are trying to achieve is essential.

Supporting the military is not the same as supporting businesses- whether military-affiliated owner or not.

We're a single-income household, so my salary won't support buying a 3rd $350K house, but I'll have a fair amount of cash on-hand and want to invest it into another rental. 

Second, is their ongoing support.

I would lean towards now IF you have a good plan for those funds or if it can support itself easily from cashflow.Dan Dietz

On the other hand, you need to be ready and prepared, so start networking so you can have a strong support group when you are ready to make a move. 

Hello,I am looking for a (local) bank to support the BRRR strategy.  

Now depending on the loan terms and how this submarket will support rent increases (market survey) then it looks like if you can raise rents to $700 a month and maintain a 92% economic occupancy then the deal will make an 10.3% cash on cash return.

(As a broker I don't support being unethical - I would always expect the agent to put the seller's interests first.)