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Just another typical excuse/story from the Tenant 101 class many tenants take. 

I have some suggestions based on the preferred asset class and price point...

While I wouldn't say 12/4 aren't reasonable (especially for a new investor and a smaller loan size), you can probably get closer to 10/2 in this current lending environment depending on your particular situation.

At this rate, you would need to put down 35-40% to break even in terms of monthly cashflow, with a slight cushion for some minor repairs and occasional vacancy.Another challenge is the acquisition cost: typically $200k per door, which could go up to $300-350k/door in desirable upper-middle-class areas.

I walked out into the parking lot after the class and got into my dirty, messy truck and looked around at everyone else’s dirty, messy cars and trucks (it’s been snowing all week, every car on the road is dirty).

Maybe my need is that I need a safe environment for my family. 

@Ike Njoku the prices will vary by submarket, class and vintage of property as well. 

Condo building is surrounded by new development, class A apartments fetching $1,400+ for small square footage 1 bed 1 baths.