Any particular part of the city you want to live in....giant place.What drives the purchase?   

The only issues that can come up with the appraisal is if the appraisers determines something in the property is not safe, or needs to be repairs making the appraisal "subject-to" certain repairs. 2.

We can see the outside with a drive by of course, but we are more concerned with the interior and what we may be getting into. 

I can continually save up enough for another down payment through my W-2 income, but the time elapsed kind of drives me nuts. 

Choosing to become a local real estate developer means you're not just watching change happen – you're right there in the driver's seat, actively shaping your community's destiny and driving its growth.

The city is rowing so fast it's driving prices up.

I'm definitely the "play it safe" type, which is why the buy-and-hold strategy appeals to me, and because this is all new to me I want to "start off slow", but I am open to hearing thoughts on other options I could consider as well.Put simply, if you were in my shoes, what would you do with that capital and now with one property under your name (if buy-and-hold is the most appealing strategy to you)?

If you anticipate a big change in interest rates, what factors do you believe will drive this change?

All of these are within a half-hour's drive or slightly more. 

While we have not yet secured our first property, we have spent the last year+ educating ourselves, networking, driving for dollars, and substantially reducing our debt load.