@Andrew Davis,You can either look outside of your area,  say within a hour or so driving distance... do out of state, or look in the lower income areas, and check out the streets and find a good house on a quiet street!   

curious, when buying a property like this, does the income from the rental property factor into the DTI? 

I don't think it factors depreciation and syndication details though.

We have been taking the depreciation which is around ($225K-40K)/27.5=$6.7k/year – till now about $68K.With the increase of property tax and other factors, it no longer makes a lot of sense for us to keep R as a rental.

She had the drive to better our situation, and the smarts to use my higher income to get it done.

Every insurance carrier uses different rating factors in their pricing.

It's icing on the cake, but what you really want to focus on are the economic and demographic trends of the markets and then the financial factors that make for a good cash flow market or whatever your particular goal is.

You'll have to figure out what the right factor is in your market.

Each person you assign to manage with you can also add expenses that automatically factor into your reports and overall cashflow. 

I would imagine many factors could come into play, but is there some general time frame I can base expectations?