"I now owe $80k on this double via a interest only variable rate LOC when the while the property is probably worth no more than $35k".Regardless of what is 'right and wrong' when it comes down to investor values and the economy, if this guy is 100% LTV on ALL his properties and the above statement is true, it's going to be quite a few years before he has enough equity to sell this property and repay the entire balance.That, of course, is assuming that negative cash flow is not a current issue with his holdings.I apologize for jumping the gun and saying bail, but I have spoken with so many people in foreclosure over the years that let their situation completely ruin every facet of their life.

Due diligence applies to every facet of your business.Learn your market and you'll know just what to say.

But this is predicated upon the person's becoming in every facet an American, and nothing but an American...There can be no divided allegiance here.

I guess you could say that I am going to be multi faceted but I just have a large interest in unrelated things. :)I'm going to post some ignorant questions in general here in a second because, well...

My short term goals make it necessary for me to combine these two facets as I have: to purchase what will not only make a good "forever home" for me AND a rental.

Whether you realize it or not, people skills are huge in every facet of real estate.

There are so many facets of "computers".

I know these goals sound vague, but the purpose of my post is not to detail out every facet of my plan.

With that base you should be able to decide for yourself what will fit your entry level property or investment.What I'm saying is that this business has so many facets it's impossible for one to advise you with the given information.The encouraging part is......It's for you!

Mentorship from a successful professional can save you a great deal of time and money...Your question seems to be based on what the market may be able to support and that is multi-faceted.