In terms of low competition, unless you are buying in the most rural or economically distressed area, there is always competition.

Cost overruns were tremendous.

Double the cost of that house and double the rate to 7% and its like $4,000 per month for the EXACT SAME HOME. 

My personal opinion is that, while shifting investments into real estate may be the right move for your situation, there is likely a lot of work to be done before you get to that step to avoid a potentially costly mistake. 

//What is the rental market like in De Soto KS for renting property with a large home and pond//I am analyzing a deal on a property in De Soto KS. 20 + acres, newly renovated home, a pond, etc.Given the economy, De Soto KS location in relation to Kansas City, Lawrence, Lenexa, etc... does it seem likely that there are people who are willing to rent properties at a higher cost than something in the city?

Purchase price: $137,500 ($44,000 in to the property... loan at $101,000)Appraisal: $180,000   ARV: $195,000Est rehab cost: $7,500Scenario #1: 75% LTV cash out refi at 4.25%...

House hacking by purchasing a duplex, triplex, or single-family home with extra rooms can help you reduce or eliminate housing costs while building equity.

Learned that hired labor is the highest cost when rehabbing or fixing up to flip.

Holding costs should be lower than using all of HELOC. 50k won’t cut most purchase prices, so have to use some of HELOC too. 

RegardsGokhanDid you do a cost segregation study last year?