In general I'm willing to be $300 or so underwater vs the mortgage because I do expect rents to go up, once its becomes 500,600,700 I realize its probably a better idea to rent and try again next year (Again it's not normal for it to be so much cheaper to rent vs buy even in Nova/DC, and I expect through a combo of rents going up and prices going down that will return to historical norms) Now whether you'd rather buy farther out of rent closer in really is a personal choice. 

VA NOVA HCOL area.I have read a lot of good threads on separating income/costs for an easier paper trail and plan to create a couple new bank accounts; one to receive the monthly rent and a second account to hold the security deposit.  

Taking a NoVA salary, selling the house, moving to an up and coming and investing nearby could take you leaps and bounds.  

Hey all, I'm looking for a REI savvy accountant here in Virginia.  I'm in the Fredericksburg area but invest as far south as Richmond.  Any recommendations are appreciated.  

But, I have been known to be very conservative with my underwriting.There are some properties on our watch list in all three Cities you mention and in Nova Scotia, when you send me a PM, I can put you in-touch with some folks.

They're operating in BC, Quebec, Nova Scotia, New Brunswick, Manitoba and... one more.

Hello BP,Wanting to get some opinions here from folks in the know.My brother and I are in contract on some acreage in Nova Scotia Canada.

Would you rather break even/ take a small loss cash flow wise to take the appreciation in the DC/NOVA area or prefer the A/B class tenants in the nice areas of Baltimore but not see much appreciation?

I'm from Nova Scotia.  

I was trying to 1) buy into something for us to live in 2) secure a 2nd rental property (we have one in No VA) and 3) set up one unit as a vacation rental (I have numerous reasons).