A prudent investor doesn't seek quick riches through shortcuts.

Next, here's a canned email response I use for everyone who answers my ad with the aforementioned questions answered.

I don't want to try to predict the next "hot market" or "hot asset class."

There is such a massive oversupply of units in that region that it will likely affect other neighboring regions for the next few years. 

The one big caution I would have for investors on the design is don’t make the room size too small.

I'm not accredited, and unless my business explodes, it's not likely I will be in the next few years.

It’s essentially the wealth you’ve built through homeownership.

My advice would be, if you truly want to learn the business, lease it up, refinance, pull some money out, and go on to the next one.

If you and your wife are on the same page, I say absolutely go for it.Don't worry about the naysayers telling you to invest out of state if that's not something you're comfortable with right now.