It's a pain in the neck, and being a government loan there are a lot of rules and red tape - but if it can give you a huge step up and some equity/cash flow - i'd do it.

Hi Amanda Esquivel I am in your neck of the woods and also brand new to BP.

Hey Kevin,We invest up in your neck of the woods and I live near Rosemont.

Good stuff in that show. http://www.biggerpockets.com/renewsblog/2013/05/02/bp-podcast-016-land-contracts-clay-huber/Also- I think Danny Johnson is in your neck of the woods.

Not sure how things work in your neck of the country, but here we have a service called Realist which is part of our MLS.

But, instead of it being a multi-unit property, I just rent out spare rooms. 2-4 units in m neck of the woods are RARE and out of my price range anyways.Take this time to absorb all you can about being a landlord while you learn about building a business on the investing side of things.Hope to see more of you around the forums!

At least for someone around my credit level in my neck of the woods.

A lease-option is not really an exit strategy if your lender is breathing down your neck.

Stay out of banks, the personal guarantee is like a noose around your neck.

I am currently going for my masters in nursing, going to have my nurse practitioner license in 5months or so. in my neck of woods we can make halfway decent in my area (75000-150000) but usually 80-120 per year. i love my clinicals and will love this job when i graduate.