The downside is you would inherit their very low basis.

I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.

Here's a fundamental explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

Post back if you find another lender who serves you well, and I will add them to my list and pay it forward.Ridge Lending All in One, first position HELOCAmericafirst 80% LTV on noo 65% LTV UtahArvest Bank AR, OK, AL, MO Bank of the west BB&T will loan on a rental portfolioBBVA Compass Boeing employee credit union California: Cal Coast Credit Union and Fremont Bank.

You can expect turnover costs, losses due to vacancies, and other expenses.

Yeah Uncle Sammy said it's now T-town and that a dog-scat deal so to kick-rocks. 

. - WRT income, at a minimum it has to cover all of your costs plus some for unforeseeable expenses.  

Understand that the cost to the investor is only the cash that's out of pocket. 

Super low vacancy rates in SD, even STR's. 

A free seminar, a low cost workshop, and an expensive mentorship program4.