I am curious as to how and why you guys have picked the markets you have.I am looking to put 20% down, cash flow at least $200/door after management fees, utilities and expenses are paid and am looking at properties in the 450k-500k range.

See the image below.The minimum property selection criteria:Reasonable maintenance costType: Condo, high rise, single-family, multi-family, etc.Price Range - You must be able to profitability rent the property within the target tenant pool's rent range.Location - Where the target tenant pool wants to live.Configuration: For example, >2,000SF, two bedrooms, three-car garage, large back yard, single-story, two stories, etc.Wants - Tenant pool specific property features.

You can creates lists for properties that were on the market and then cancelled and you can include in your filter several different ranges of dates.You can filter for foreclosures, probates, short sales, etc..

Obviously, much of the following is dependent on the individual, but non-owner occupied investments can be in the 3-4% range (this rate can even go lower if it is owner occupied!)

So basically as long as I hit these metrics and my next investment return is net higher than the 2.75% on the loan, I cashflow a couple hundred per door, and I stay in my CoC goal range it’s a win? 

Apartments, houses, and condos available for rent in the area range from affordable to upscale, so there’s something for every renter in this central Texas suburb.

Apartments, houses, and condos available for rent in the area range from affordable to upscale, so there’s something for every renter in this central Texas suburb.

Looking to purchase a property in the smokeys somewhere (not necessarily Gatlinburg since the market is a bit out of our price range....

There are no other options for my price range available in my area How did you find this deal and how did you negotiate it?

Prior to 2008 they were in the 6-8% range and go back a bit further and rates were in the 10%+ or a generation or 2 above me they were in the 17-20% range.  2008 changed it all.