Do you have any concerns about declining population trends or other negative or neutral economic indicators (regional net job creation)?

A W2 helps prevent that liquidation until you are self-sustaining. 

That neighborhood can sustain a number in that range if everything is done well. 

Because my wife and I do not want to live with tenants, we are having to pay 25% down for our 3-family property.If you are planning on doing deals west of Syracuse, I know an excellent agent who may be able to help you in the Finger Lakes region.

That doesnt include the Capex and annual repair costs that will happen in year 2-10, so expect a bit lower once those are accounted. yes you can self manage the rest of your life, but is that you long term strategy and can you sustain that with adding 4-20 units on top?

You can swing down to central delaware, There are some properties in that region that will be close to that price range.

You can save more of your earnings to invest in cheaper location, such as a regional state like Nevada or Arizona. 

If it is just about a number per month, that may not be sustainable long term.

I like business tenants strong regional or national that can pay the rent each month like clockwork.

Sustainability and environmental awareness need to always be on the top of our priory list in any project.