Family becomes brutal when its time to split up land or decide what to do, plus with the heirs laws you or your siblings kids have rights to the property.

It changed my life from a broke NJ Kid to a Millionaire living in California, Colorado and North Carolina.

I will give you my 2 cents in a slightly different way.My rule of thumb has been that if I didn't feel comfortable being at the property at 8pm with my little kids then I would not buy in that area.

They will usually want to see you have the capital for closing costs and some "reserves", meaning they want you to have a few months left over to cover any surprises.

You also have a rate of 4% mortgage and a payment of $1500 all in.You are behind on your mortgage and credit cards, your credit is 580 and your house is a 3 bed 1 bath home for you and your two kids.

Wife and 5 kids would not like that!

I get get really good prices for home games, graduation, ceremonies, moving kids in and out etc.I get all these bookings from VRBO.

The down payment is being estimated by our loan officer currently, but we are thinking around 12k which will leave us with around 6-7k leftover from what we had put aside.

Mostly leftovers, we didn't buy them, but they rent well.

However college kids or young professionals will most likely not care.In Danbury you have to look out for hidden gems.