If they file a notice you can bet the bill is going up.

I'd bet the majority of people here still have a full time job.

That would be a nice monthly payment.I'd bet you can get the taxes down from $2200 to $1500-$1700.

I think that using the equity in your home towards the down payment of another home is your best bet.

Yes, I'd bet money that is the case even in MO.

You won't get the same profit percentage you would if you did it yourself (100% vs 50% more or less depending on your negotiating skills) but if you have never done it before you run a much bigger risk of losing money on the project.I'd say your best bet is partnering with an experienced investor who is willing to help you out and not just wholesale it to someone who will suck out any profit you stand to make.

Although I don't know those markets, I bet you can find reasonably priced investments in Frederick or Hagerstown.

You can bet I'll be looking into both of these suggestions.

I bet many of these same people would consider buying an investment property "risky".

Agreed, usually a SFD or small multi is much better for the landlord.I bet the OP errored in posting his numbers, what would be silly is to start out trying to rent a $1M SFD, but 10 condos might be better if that was correct.Varooom!