And the point is that a lot of people are so terrified of vacancy that they accept long-term below market rates, or accept the first borderline tenant that comes along, or put up with BS from the current tenants.

Terrifyingly risky but many buyers felt that was the only way to get the house they wanted.

@Kiera Underwood yes I can do 60k at 20% down, okc seems like a great market but would be terrified to do an out of state buy and hold for my first.

Curt, thanks for your advice, terrifying as it is !

I am terrified by the 2% rule since in my area following that means buying properties in seriously bad shape in seriously rough areas.

Its my first deal so I am just a little terrified that I am going to miss something or not have all my ducks in a row when it comes to going through or not going through with the deal.

I'm terrified of the hoa power too, you aren't in control anymore for so many decisions.

Because just thinking that i could incur criminal charges just sounds terrifying. 

It's refreshing and terrifying

And I am terrifying of messing up; I am currently looking for duplex, triplex or funplex.