For example the property being historical or a critical part of a large development plan.

The 1% rule is best only used as a quick and dirty evaluation used to pick which property you plan on running additonal calculations on.

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage? 

You snowball plan has a very high success rate.

Hello everyone,I’m currently in the planning phase for a development project just outside of Santa Fe, NM.

This only really matters if you plan to buy a house again soon...within 9-12 months4.

Sounds like a good plan @Stephanie Medina!

My father-in-law told me he plans to sell his 6 unit condo building ASAP so he can "retire" from being a landlord.

They have monthly free events.I would not do any US programs unless you are planning to buy in the US.