I second '@Bob Okenwas statement regarding market.Personally, I only buy old homes (circa 1900) and would not consider a newer build unless it was being practically given away.

There thinking some clean-up-fairy comes swooping in with a broom, washes the ashes away and then Bob The Builder n all his friends comes hot on the hells, Bing-Bang-Boom all is rebuilt and were singing kumbayas by Christmas.......Reality is it took about 10 years to rebuild post katrina. 

Quote from @Bob Beach: We're selling a few houses in Memphis, and we have interest (letter of intent), on one house that's requesting, "Seller Finance".

And like @Bob Avery said if you're not a millionaire with net $300-$350k take home pay then that's a concern.

Okay, let's say Joe hates Bob, Joe knows Bob has mortgage problems.

Quote from @Bob Asad: Thanks for the detailed response.

Quote from @Bob Avery: Brandon has ~3 pages in Rental Property Investing on the appropriate way to find a mentor.

I had already had a great phone conversation with Bob Dreher and am on their investor list.

Hey Bob, thanks for sharing your experience!

I use Bob Dummer from PC Insurance for my Milwaukee properties.