Evidence is that people buy houses no mater what the interest rate and curiously the rate of buying (# of homes sold per capita) remains a fairly steady no mater the rate except during periods of rapid transition. 

You should only accept this is the area is rapidly appreciating and from what I understand, Bergen County is not in that list (vs.

Additionally, it's recommended that you bone up on the basics, so that when linked with a mentor locally, you will be ready to hit the ground running and be able to ask more intricate questions to rapidly build your REI career.http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property) http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)Your time on this social media site will be well spent.You have taken the 1st step by announcing your readiness and commitment to embark on a REI career.Whether you pursue, wholesale, rehab & fIip or buy and hold it's up to you to decide.The bottom line is that you must take action to start.

I am also in Cedar Rapids and in the middle of my first flip.

If this is the case, it could have a significant impact on our portfolios, not just in 2018, but as rates continue to (rapidly) rise across all indexes.  

This is a small investment to help encourage FUTURE on time and rapid payments!

I have a sister in rapid city South Dakota and have looked at some deals there that appear to cash flow and I love the area.

Much of the area has appreciated pretty rapidly the past few years, so great deals are getting harder to find and some retail buyers are being forced into rentals.   

If I was a speculative buyer in a rapidly appreciating market, I may consider taking you up on that offer in hopes that the market rises rapidly over the next two years.

@Jay Hinrichs so long as this property wasn't constructed on a haunted Indian burial ground, i think this is a great deal and I would love to read about the evolution of this deal.