So, cycles happen and we will likely have another down rate cycle in the next few years but it might just be due to another economic issue, so sometimes be careful what you wish for. 

If they do not qualify because of poor credit or income issues compared to being self employed etc there are differences - but typically people don’t qualify due to poor credit and people will seller finance to these borrowers thinking they woke up at a holiday inn and got a finance degree when in reality they repeat their past mistakesRemember the definition of insanity is doing the same thing over and over again expecting a different result

Protecting yourself from any future issues will require a good understanding of the situation your house is in when you buy it.Tl;dr: crime here is relatively low, declining population numbers don't take students into account, properties are cheap, rents are high BUT be careful where you buy.This concludes my TED Talk, ha!

Did you ask him to correct the issue? 

It sounds like timing is also an issue for you. 

To me the biggest issue with out of state investing and long term rentals is that you have to deal with property damages and/or evictions. 

This can help make more informed decisions by identifying patterns and opportunities that may not be immediately apparent to some. 2.

You need to think about not just the potential income but also the potential problems such as city ordinances, state law, insurance, potential eviction issues, etc.

Those cabins that would cash flow - well, we didn't always love them or they had issues. 

How can you find out if an existing mortgage is assumable?
Do I need the seller to provide me with the mortgage documents and have a lawyer review?