Quote from @Laura Yelin: Hello BP'sI like Sherman...I lived there for about 3 years many years ago and still sell and rent there.It's a slow wealth building market in my opinion, not get rich quick.Mostly blue collar stable town.

Are you able to reduce your expenses quickly and easily if needed?

I currently live in Lake Elmo and have 1 door (previously owned townhome) in Woodbury. 

If you are buying to live in, you could also do FHA with a cosigner.

One of the biggest complaints was the lack of places to stay and the expense for such.  

NW Chicago is very expensive as a rental.

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

My best advice is to focus on the numbers—cash flow, expenses, and your return on investment.

The importance of lowering expenses and increasing efficiency to maximize property income.

I've lived in central Texas for 44 years and never have I replaced a roof less than 20 years old.