I also what to get the ball rolling and start one rental property and I am not sure what options I will have after buying our home first. 

We did a 30 year loan with a pre-payment penalty that decreases for the first 5 years, so I didn't just acquire the properties, then refinance and undermine the purpose of the seller financing.

By the way....everyone seems to know the second you start operating.Personally I don't like to roll the dice like that with my investment money. 

:Rent: 51,780Maintenance: $260Water: $730.92Electric:396Taxes: $6,128.53Insurance: $0NOI: $44,264.55Price: $840,000CAP: 5.3%Units: 4013 vacant (68% occupancy)Average Rent $/SF/Month: $.84Market rent seems to be appx $0.94-$1If I were to fill the vacant units up to $.94/SF and bring the under-market units up to rent, the gross rent roll would be >$85k.

I would also keep in mind that the closing costs if you are rolling in rehab costs can be pretty expensive.

I have provided some guidance below. 1) We always suggest getting pre-qualified and sorting out your financing first.

Y-o-Y  stats makes limited sense now as it just says things are looking better than last year, not pre-pandemic.

We also have a good Elder Law Attorney here with whom we have discussed medicaid pre-planning. 

As @Kevin Sobilo said, it may be better to locate a pre-written application to use. 

Takes a bit of work on your part to get the ball rolling but can pay off.