If you wait, you'll be able to get an owner-occupant loan and house hack, putting far less money down with a better interest rate. 

We evaluate the after-repair value using a gross rent multiplier and a NOI/cap rate model. 

@Barb Knowles If you're just starting out, you may want to build up more cash before you start buying and holding if funds are low.

We offer flat rate Property Management.

High cash flowing rental, especially since I refinanced during the low rate environment into a 15-yr, 2% mortgage.

Population growth, strong job growth, multisector industry/economy (Never invest in an area propped up by a single industry, or worse, a single company), landlord and business friendly, strong development, strong sports teams (even minor and farm teams), lower crime rates than national average, and good schools/colleges nearby.

We were also thinking of trying to put a cap for the smaller units since their rate goes up as the $ amount and sqft goes down.

The reason for the seeming imbalance is that there are branches of the city’s Department of Investigation and the Housing Authority that police the theft of government housing funds.

If that is part of your strategy, it works for long-term renters well, but the price point for school districts rated higher is higher usually.What are your goals?

At any rate, thank you for the info.