It was a rookie mistake, settling on a low number before we realized the demand.

In order to not have to pay PMI you would need a one loan program which does not demand PMI (not sure there are any out there anymore) or a larger down payment to keep the first lien less than 80% Loan to Value.

I came across a builder who will be building in a high demand town near Boston.

Agree with @Engelo Rumora on a micro level the rental housing demand I'm seeing is enough to keep me dipping back into the well.

My conservative side demands more when I am not confident in the abilities with someone I'm working with.  

Demand upon yourself to make at least $200-$300 (or some other acceptable amount) net profit before repairs.

This is for one reason only; I only use RE as a supplement to retirement savings, thus I prefer a lower risk option. 

The demands and expectations of landlords is much lower on the 4 unit or less, residential side.Second, insurance is much easier and cheaper on the residential side.  

Hi Denise - I am a SFH investor and Investor agent in Boise.Like any market - it is widely varied in demand and pricing within a very short proximity. 

Looking at ways to do some deals locally to supplement what I'm making now and maybe even transitioning full time at some point in the future.