If you used FHA you have to live in the property for a year anyway, so use that time to save and buy another one in a year but maybe try a low down Conventional instead of FHA.

Factors you should be looking for are: Job growth, population growth, low unemployment rates, increasing demand for housing, housing price history, and rent cost history.

Once I got over the idea of giving up my low rate, it made a ton of sense.In my opinion, letting the equity just sit there isn’t justified by holding onto a low rate.

The risk of problems is extremely low, even in larger markets.

So for example, in the Orlando market, a 4bd house is pretty low as a standard but over here in the Tampa Bay Area a 4bd house is quite high on the STR ladder.  

Unfortunately, North Jersey is probably one of the hardest BRRRR markets in the country right now because of extremely low inventory, high demand, and pushed up prices because single-family home buyers are buying the properties that we all used to buy to fix up because they are desperate.You can BRRRR, carefully, into many parts of Pennsylvania though but remember that interest rates right now make it very hard to BRRRR.

Quote from @Brandon Croucier: Ive seen credit as low as 450, high as 830.Both of these are the 99th percentile though. thank you for some reason I thought 800 was highest.. its always confusing to me how they come up with those scores.. 

Easy and low cost.Simple for folks to access.

. - Land in scenic areas for potential as a low density campground / private park / RV Park. 

This property presented a perfect value-add opportunity with its low purchase price and potential for high returns.