My mortgage should be about $2,100 after I get PMI eliminated and I was going to rent it to a friend that I have known since high school for $2,000 a month.

Identifying neighborhoods with good schools, infrastructure, and amenities can lead to finding a hidden gem.Myth 4: It Is Only Seasoned Investors Who Can Handle Distressed PropertiesExperience is helpful in real estate, but you do not need to be a seasoned investor to do well in distressed properties.

I went to high school and college there. 

Foreign investors ( primarily Asian countries) parking money or buying a 3 mil home for the kid to live while they go to school.. 

Also the school districts have been increasing property taxes in A LOT of investment properties thus eating some of our profits. 

And what about that high school biology? 

Investors should keep an eye on its growing infrastructure and amenities.Huntersville: A family-friendly suburb with excellent schools and amenities, Huntersville is a solid choice for long-term appreciation.Davidson: A charming college town, Davidson offers steady appreciation and attracts higher-income tenants.Belmont: This small town near Charlotte offers more appreciation potential than cash flow, driven by its desirability and quaint atmosphere.Neighborhoods Offering Both Cash Flow & AppreciationConcord: A tricky yet rewarding market, Concord can provide both cash flow and appreciation.

I found out the failure rate is 95%. 

But then moving to actually renting while our children finish school and investing out of state instead. 

Germantown has plenty of opportunities, especially if you keep an eye on areas with improving infrastructure or schools.