My concern with declining values, increased inventory and a weaker economy would lower rental income and could potentially put me into a negative cash flow situation.

I know many investors go out of state for buy and hold properties to generate passive income, but is Blythe a lucrative market?

It took me 11 years, 25 properties, and 76 doors just to replace my income.

Additionally, Fannie Mae and Freddie Mac will sometimes temporarily suspend the income cap on their HomeReady and HomePossible programs, which allow purchases with 3% down.

You'll have to look at the income and expenses to predict whether your cash flow will improve.

In 30+ years we've been sued 1x (legal blackmail over a tenant's drunken trip/fall) which the insurance company settled for $1,500.00).We've been using some privacy tactics to keep our names off the county recorder and the target off our backs.Further, we review our insurance coverage and premium annually, just to keep on top of any changes.As with all insurance, it seems to be a waste of money... until you NEED it!

The only two ways to rectify this are (1) purchase the property far below market price or (2) significantly increase the property net income usually through some method of “repositioning”. 

Long-term tenants provide consistent income and fewer turnovers.3.Long-Term Growth: Germany’s real estate market avoids the volatility seen in other countries.

If the rental income from your condo can comfortably cover your mortgage and leave you a little profit, moving out might make sense.

I knew there were some HML lenders that did OO, but OP credit score “isn’t great” (which likely means it’s poor) and “technically don’t make much money” (which likely means he has little income).i think it is long shot any HML that does OO will take on this risk for what they can legally charge for OO loan.