I was a renter in Minneapolis for ~ 6 years, the biggest thing for me was location.I would gamble on the Blue Line Light Rail expanions, as it will allow better transport in and out of downtown to those further out.

I also think it would be pretty nerve-racking to take that money with that guaranteed return and gamble it on the uncertain.

Don't want to gamble $500 to just inspect a property.

I'm so thrilled to read that my post has assisted someone.

It seems the cost of re-financing the mortgage is a gamble as to whether I could re-coop those costs by going this route.Has anyone been in a similar situation, or have any suggestions on how I could get started?

Would be thrilled to hear from other out of state investors and local investors/rehabbers/property managers as well. 

I want to impress upon real estate investors that there are no certainties only probabilities and to assess the probabilities you have to consider the macro as well as the micro...investing without probabilities is gambling.  

Austin is a bit more like gambling right now.

Hello Everyone,,I'm so thrill and excited to be apart of the BP community.

Needless to say I am thrilled with what I have found here, and I have only scratched the surface!