Some investors look into landlord-friendly, affordable areas where you can still get good returns without a huge upfront cost.

But right now it feels like we won’t be able to qualify for or afford anything beyond that $245k. 

Quote from @Ryan Coon: Hi Parker,This is a great question, and given the markets that you're in you do have some great potentially more affordable options.First, both TX and TN recognize "Series LLC's" which can be great options for optimizing asset protection and separation of properties at a lower cost than 1 LLC per property.

I had a tenant break their stove door and they could afford the repair.

It’s the same idea of a 30 year vs 15 year mortgage.It does make sense that they would introduce a 50 year mortgage to help with affordability though, I predicted this a couple years ago, so I’m glad to see it’s being talked about.

On the surface it looks like “affordability relief”. 

Don't be afraid to continue with eviction, if it is allowed by your state L/T laws.3. 

I’d like to make this a win-win: give the seller their target cash while keeping financing affordable enough to cash flow.

The market here is still super affordable with 2–4 unit properties in the $120K–180K range that can hit the 1% rule, meaning your $30K down payment and closing costs could get you into a property that cash flows right away.

Many investors that's all they can afford or they are playing the volume game.