The cash flows can be very slim when starting out, not to mention, one person always feels like they do all the work and they begin to get irritated.

But remember banks want to be paid, so if your are making payments, the chances of them calling the loan due is slim to none.

@Brett Cate,The chances the banks will call it due is slim, but they can at any time and why take chances unless you have the funds to pay in full.Joe Gore

Get proof of that income and verify that it is consistent (same in Jan 13 as Jan 14) and not dependent on oil prices or production levels or some other external factors that she cannot control.In addition, I think the $3K on $1600 rent is pretty slim, I would want to see the persons last 3 mos of bank statements to see if they have some savings built up or if they are living oil check to oil check.I would not be excited about renting to 2 unemployed adults with 3 different pets.

But Im being a bit more cautious on taking on big & long term projects, ones with slim margins and/or land subdivision, which can be a longer term project. 

I'm not saying that you won't be able to find anything but it is slim picking.

I have been looking a lot in Florida but again, more and more people are getting into FL and it’s slim picking.

I agree that multi families in Orlando are becoming slim-pickings.

If you ask around you might find out that statistically the chances of that actually happening are extremely slim ;) .

I'm just trying to look at the light at the end of the tunnel where i can have the asset and rent income once its paid off and i could roll that money into a 3rd property which could realistically be paid off in like 5 years if i put both the 1st and 2nd rental income into it.I'm not sure if its a "highly appreciating area" but the Denver market has been crazy the past few years, the basic bottom price of any townhome is running high 100s to low 200s and most homes that get listed are under contract the same day, so its definitely slim pickings, but I also feel like i'm not experienced enough to explore outside of my home state at the moment.