They all have strong and weak points.

If you are looking for a buy and long term hold then you will want a very strong area with good growth. 

Any material changes in these documents -or any element of your personal financial situation- may require the lender to reassess your eligability for the loan for which you’ve applied.The lender renders an approval decision, and if approved, issues a loan commitment letter, stating its willingness to fund the mortgage provided certain conditions are met.

I am strongly considering option 2.

Renters may not be calculating or don't want to commit to a place, but investors around the country should be very acute about profit opportunities...

There is a huge inventory of single tenant properties with strong tenants and long term lease contracts. 

@Matthew DrouinYou as sponsor need to be strong enough to carry the personal guarantee yourself, or some lenders will bypass personal guarantees when the borrowers capital contribution is at least 50%.

It's a market that I don't ever see crashing - and the rental market is extremely strong as well.

That being said, Boston is a very strong market.

@Aaron Goetsch,I'm independently working with Lima One as an Approved Broker.I strongly believe that Lima One has the best Rental Loan programs which i think is suitable for your deal scenario.If you have interest send a PM with your contact and i will send you further details regarding all their Rental Loan Programs and assist you moving forward.