I know this thread began last year, but, we bought our first home through NACA in 2012 and have never been happier.

I now have been working from home for the last year and couldnt be any happier with it.  

The thought is I'd be much happier paying my mothers trust than a bank.

I couldn’t be happier with the way things turned out.

In fact, that's pretty much how markets work in general, and barring the occasional mistake, how we should expect them to work over the long term.As one example, the TK who is very good at the initial acquisition and rehab might be happier to simply liquidate right away, with a $10k profit, still leaving a healthy cap rate for the buyer, putting that money and mental energy immediately to work on the next deal. 

However, sometimes you gotta do what you gotta do to lead a happier life.

@Jen Simbolw and @Sedrick Chin - @Darren Sager helped me purchase my first BRRR in South Orange in February and I could not be happier.

(I believe I have $240k into the place total.)They've been there two years and I couldn't be happier.  

Honestly, I would like the market to continue to drop, the more long-term properties I can accumulate at these price levels the happier I am.

The hindsight issue is with appreciation, if you had bought 5 years ago in Austin I'm guessing that (despite property taxes) you'd be happier with the appreciation compared to a similar dollar investment in Alabama.