Executive Summary: Background/History of Project: Project is modestly based on acquisition of 6 properties, 5 residential 1 Mixed use totaling 75 units with an average rental income of $850 per unit generating an monthly income of $65,150. with an interest rate of 4-6% would make this investment a viable and highly attractive win win win deal for all parties.

The key to successful renting is to maintain your rental homes in top condition before you rent them and attract good tenants who will take care of your house like it was theirs.  

I heard one investor/broker say that since houses attract families and condos would attract singles/young couples etc., tenants are less likely to turn over in a house than a condo.

I think  you will attract frat stars instead of the quiet nerds. 

I cleaned it up, including Real Estate loan technical exceptions, and in the end made the bank bank attractive enough that it was sold in a merger (and yes, I lost my job due to the merger).

@James Brand what makes Philadelphia have not attractive multifamily properties?

High quality assets with minor alterations but the marginal items in historical pricing is where you will see an impact in value.The disparity between A and B class properties will increase.Enormous amounts of liquidity and financing at attractive rates = lots of competition which is destructive.Sam Zell Comments at Invest for Kids Chicago Conference 

Don't deal in marginal properties, which are going to attract marginal tenants, who have a much shorter distance to hitting bottom, if they're going to.

A-multis were over-built and too expensive, giving away incentives like crazy to attract renters. 

The problem is that tenants intrinsically know this and most wont be attracted to a property that only offers an initial monthly lease.