Yes you do have to pay PMI when you do this but once you hit 20% equity you can get it removed if you buy with a Conventional loan as opposed to an FHA loan.

@Kyle Carter People hit on the obvious, hype and excitement of a large name company like apple moving to an area. 

Lastly, the price point is still very cheap here in the sense that you can still find investment deals that hit the 1% rule for 120-180k!

The ultimate tax hit is at most $5k (20k * max 25% tax rate) and it's probably not worth it to 1031 exchange for that little of tax deferrals.

If the tenant's concern is that their credit score would take a short-term hit from the credit report, then I think it is a legit concern (if their credit is slightly less than what it would be when they're trying to apply for new rentals, for example).

For example if you sold on year 1 on a 5 year prepayment penalty, the lender would hit you with 5% of the principal balance. 

They try to hit that goal and have been successful at that, he told me.

Anything the size of a plastic wall anchor or smaller, you should be hitting it with lightweight spackle and use a damp sponge, not a sanding sponge, to take off the excess.

Rental demand in our market is off-the-chart; the shortage of properties continues to hit historical lows year-over-year.

We backed out of that deal because there was a freeze that hit Texas market, and that freeze caused a bunch of plumbing issues.