I just closed today on the sale of the second house and have ended the nightmare!

during the 2000s before the crash we got up to about 3 mil a month in lower balance high profit loans and were between 30 to 40 mil out.. we originated all our own loans.. do not trust brokers all my worst deals came from them.. this took about 12 people..

Also, as many have said- it's smart to start off close to home if possible.

FHA loans can be a good option here, allowing you to put down a lower down payment.## NetworkingNetworking is key in real estate investing.

For more expensive properties you'll be wanting to pay a lower interest rate and doing short/mid term rentals.

Who is your market for lower cost housing.  

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

LTRs with long term conventional financing and standard management aren't really cash flowing anywhere right now. sure, there are lower cost markets that look better on paper, but there are costs associated with those supposedly cheap markets as well - deferred maintenance, more challenging tenant base, higher cost turnovers as a percentage of the rent.2. i wouldn't pick a random market thousands of miles away based solely on statistics or numbers. 

Without new companies creating similar-paying replacement jobs, workers may have to settle for lower-paying service sector positions.

The advantage, is that the buyer can wind up with a lower interest rate and instead of a 30 year loan, they have only the remaining number of years the original borrower hasn't yet paid down.3.