Often times, the cycle will be repeated. 

If on the other hand, you buy in a nice neighborhood, that appeals to more stable tenants who can afford and choose to spend extra on rent to live there, then your cash flow while less on paper day 1 will be much more stable and you will have infinitely fewer headaches collecting rent, turn overs will be easier and less frequent, and they will generally be kinder on your units.

Loyalty and helping someone hold in a tight situation is always generally paid with referrals and repeat business. 

Rinse and repeat till you have some capital that gives you more wiggle room.

For all of the pros out there who post frequently, have you noticed if all the backlinks have helped your SEO? 

Simo,Neil is correct that in the investor world lenders can, and frequently do, ask for just about anything.  

So there's precedent there that he wants to repeat with me. . . are you coming to the BP meet-up tomorrow?

If it works, you like the property management and you are comfortable with the leverage, rinse and repeat. 

And of course I want to do all this as quick as possible so I can repeat.

Out of state for me but with many family and friends, and frequent visits.