I'll emphasize what @Tom Goans says here, at least for CO.

The vast majority of the country in-between the coasts is still very reasonable and sane.Again, I would like to emphasize that it is VERY DIFFICULT to make money with rentals long distance.Good Luck,

I did go to college, not that it is necessary, I got a business degree that emphasized real estate.  

I replied that their training (We have attended 2 x 3-day training sessions with the group and are happy with the information we gained) emphasized that we should do our due diligence so I couldn't understand why doing due diligence before spending $44,500 is unacceptable.

I emphasize the word "Safe" in my listings and am doing quite well.

After refi....you'd have $534k equity in $2,136,000 of real estate....and your $200k cash back in hand.....then repeat for cycle 3,4,5....Other posts have emphasized the leverage is helping you grow faster, and there are taxable income differences if you have deductible loan interest.Now, what if your local market experiences a few percent of appreciation per year?

if you listen to recent BP podcasts, David Greene has really started to emphasize this.

I want to emphasize that you should do your own research and consult your attorney before doing this.

And it emphasizes the need to focus on a niche.

I graduated from college with a business degree in business that emphasized real estate.