Matt for napkin math first thing I like to do is look at the Median for the whole MSAso lets say KC the median price point for the entire area is 150k.. which is a WAG on my part but I bet its close in reality.I then know that homeowners are buying basically 130k and up and that landlords are buying 120k and below.. and then know that 30k or 40k is the cheapest area of town and will then by LOGIC and default have the worst tenants in the MSA.. now granted there can be some nice folks there but as general rule birds of a feather.And then I know that Higher end properties are going to rent for more.. and then we do know that its a rule of thumb that you must have 3X rent to qualify for a rental in most markets.. so we want our tenant to have enough for rent and enough to live on .So in my mind I would be looking much closer towards the MSA than I would be the cheapest home in an area.

Granted, the property is valued (with land) at about $54,500. 

Granted the interest would be like a 1% higher than owner occupied ones and demands a 25-35 percent down payment.

I have recently become a big listener of Grant Cardone, in which his method for starting out is to wait until you have $100k min in savings, then invest it into a 16+ unit deal.  

If it is approved by the Assembly Housing Committee on anuary 11, 2018, the Assembly Housing Committee will vote to grant local governments the power to prevent rent increases at the time of initial and subsequent rentals.

Also, I have never received a mortgage, a homeowners loan, a homeowners grant, repair assistance or anything.

I also completed a down payment assistance program that granted me $6,000 but required that I lived in the residence for at least 3 years otherwise I’d have to repay 1/3 of the grant.

The schedule can be viewed in several ways including the grant chart which is helpful.

@Jesse Grant  Having good insight into this business from friends and colleagues in the business I think it is unrealistic to think that your plow guy is going to wait for your tenants to move cars.  

@Grant Rothenburger @Dave Van Horn @Mike H.