Which resulted in a nice reduction in P&I along with the elimination of PMI. 

There are many "Free" ways you can set up electronic payments however you want to make certain that you eliminate the risk of tenant fraud or eviction redo.

Needing capital back limits or eliminates the rental option, and that's tough.

After the refinance of a property shouldn't the PMI be removed off the loan when someone refinances their home but still leaves 20% to eliminate PMI?  

If you house hack, your living expenses will be reduced or eliminated and you may make some extra money on top.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Are there some that fit kind of a happy medium between not being too upscale as to eliminate any cash flow margins but not lower-end so as to require more maintenance and a different type of tenant?

It’s amazing how quickly you’re able to progress when you eliminate your housing expense.

I took the liberty of eliminating the double counting of individuals, since the statistics add up to 178.5%, and eliminating double counted individuals gets us to 99.4%.Given the below statistics, of the 89,118,575 housing units that are owner occupied, 11,941,889 (13.4%) would be owned by "Black or African American alone"; 1,158,541 (1.3%) would be owned by "American Indian and Alaska Native alone"; 5,257,996 (5.9%) would be owned by "Asian alone";178,237 (0.2%) would be owned Native Hawaiian and Other Pacific Islander alone";16,486,936 (18.5%) would be owned by "Hispanic or Latino";53,560,263 (60.1%) would be owned by "White alone, not Hispanic or Latino"-----------------I just think it's important for people to understand the difference between equally represented and equal. 

This eliminates back and forth and gamesmanship.