Many of these small mom and pop places offer 3 bedrooms, a basement, private quarters, and other things that seem to be more popular in Buffalo than other cities.  

Popular choice is taking a dining room and converting it.Unfortunately in C areas, the tenant pool is the tenant pool.

Personally, I feel when HGTV became popular, quite a few people decided to jump into the business but found it wasn't as immediately profitable as they anticipated due to the rising cost of taxes, insurance, flooring, etc.

I've found private lending with SDIRA/Solo 401k is a popular option, I love the tax free wrapper with lending 

For example, Columbus, Ohio has been a popular spot lately because you can still find single-family homes or small duplexes in the $120K–180K range that hit the 1% rule and cash flow from day one, and the macroeconomics are solid with population growth, job growth, and big companies like Intel, Amazon, Google, and Honda investing here.

The San Antonio market is busy and still popular, but without a focus on design and being more than just a comfortable home with white walls, you’re nothing special unfortunately.

Strong cultures endure because standards are enforced.

The Midwest and Michigan is still affordable compared to other areas of the country, seeing rent growth, and with Michigan having an abundance of lakes and winter activities it is a popular location for short-term rentals as well.Short-term rentals will give you, as a physician, a huge active tax advantage if you participate in the management to document "material participation" for the IRS and take advantage of bonus depreciation and cost segregation.

Florida is a popular goal for a reason, but you’re also smart to start learning and operating in other states where the numbers and regulations make sense.Since your LLC is in TN already, I’ll mention this just in case it ever comes up: I’m a real estate agent based in Memphis, TN, and I help a lot of out-of-state investors grow and manage their rental portfolios.

This is a baseline illustration that should feel familiar in many markets popular with investors.Your goal is to find an LTV that creates an appropriate amount of cushion above the mortgage payment (meaning rent minus principal-and-interest), then subtract expenses to find actual cash flow.At 60% LTV (loan amount $162,000), the monthly principal-and-interest payment is approximately $1,367.