That could allow you to pay for the expensive loan, although of course the security and predictability of your income would be less.PS: Are you originally from Belgium?

As you gain experience at managing budgets I would predict your ability to succeed to be a higher probability.   

People are hard to predict, so dealing with tenants is a headache.Investing in something else that you can sit there, relax, get in and get out easily, and earn money without much headache.Good luck,John.

@Khoa Ha Thanks for the details, yes, I would like a more predictable income stream even if the rent is below market rate.

Swannyso let me ask you and I am not predicting this in any manner.. what would happen if your 5 year call loans would not roll over and you could not refinance them like happened to multi thousands of investors in 08 to 2010.. how would you handle that. ? 

It makes a great story but I'm not sure it's predictably repeatable.

Archie Sharp while I think everyone would agree it’s better to buy low and sell high - if anyone can tell you they can predict housing prices in the future then why aren’t they as rich as Warren Buffett?

In general, areas with little cash flow is more risky because your income is less predictable and sustainable. 

I lived through the crash of 08 to 2011 in the lower end rental markets and I ended up foreclosing on 200 plus homes.. when financing dried up ( and I am not predicting this will happen again so no one flame me) but when it did.. values of these rentals in the mid west crashed HARD.. 

What this person is going through is no unique and actually is very common for out of area investors buying C class propertiesI don't care who you have manage these things it could be JC himself the tenant base just does not allow for any kind of predictable returns.Here in PDX were we have 1% vacancy factor and you put a rental in craigs list and get 20 responses in 2 hours with most of the folks 700 plus fico's that's just not reality in these markets..