@Elisabeth WarrenIts a little tough...

My latest turnover was the $1025, I listed at $1075, had tons of interest but actually took a qualified referral from another tenant and cut the rent $50 because the tenant referring them new tenant has been great and I have no regrets so far, because class C can be tough.

It's tough finding a good on-market deal right now.

Recognizing that I indicated in this market the 70% rule is tough to find, why do you think this is available? 

The nice thing about doing long drives as a semi-truck driver is that it allows you ample time to listen to BP podcasts and other related material to really boost your knowledge and mindset.

Gary,You have a very tough and sepcific loan requirement. 

Factor in that with rising wages, rising material costs, and general inflation.

It's all up to what you're looking to do and if you can "afford" to break even for a while and wait for appreciation but there's no guarantees with that and could leave you in a tough spot.

It's tough to give much of an opinion without actual numbers (the value of the house you have now, the loan balance & rate, your current piti (principal, interest, taxes, & insurance + mortgage insurance where applicable), rent from upstairs tenant (you're declaring on your tax return so you can use it for your next loan application, right?).  

Plus, it's really tough to cashflow in this market, unless you can find a small multi-fam with value add opportunity (I've got one at $900K).