What I would do differently from your (o.p.) plan is to buy less expensive, smaller homes, in the price range of $180,000 to $210,000 (courtyard villas or ranch/cottage homes).
Then the rent is affordable to more people, the property taxes and bond, air conditioning, landscaping costs, etc are lower.
In the $250,000 price range, it's a bigger, more expensive home than many singles or couples want/need/can afford.
Also, if the wheels would totally fall off the economy (God forbid), it would be easier to sell a less expensive home than a designer or premier.
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