It is a small town, definitely a tertiary market right now, but that is where opportunity is going to be found.I think LTR, in the right location, can provide enough revenue annually to cover all holding and leverage costs while the resident pays down the principle and the demand in the city sustains slow and steady appreciation. 

Hello @Chris Atkins,To achieve and maintain financial independence, only invest in cities that meet the following requirements.Significant and Sustained Population Growth: Rental rates follow the basic principle of supply and demand.

With your primary, assuming its a fixed loan, a higher percentage of your payment is going towards principle pay down (less wasted dollars). 

Don't forget 5) principle paydown and 6) leveraged returns, among others.Owning real assets in this inflationary environment is key to growing wealth, and real estate is the best asset available (in my biased opinion) :) . 

.⚠️ Beware of these red flags:🚨 Bad partners who don’t communicate or operate ethically🚨 Financial arrangements that don’t make sense🚨 Risk levels that are too high for the returnIf ANY of these ingredients are bad, walk away—even if the deal looks profitable on paper.🚀 Lesson: Part of a good deal is better than 100% of no deal, but 0% of a bad deal is better than any piece of a bad deal.Final ThoughtsToo many investors make the mistake of wanting 100% ownership and control—but they forget that it’s better to own part of a great deal than to own nothing at all.🏡 Real estate is a team sport—and the investors who understand this scale faster, learn more, and build more wealth.Discussion Questions for You:1️⃣ Have you ever walked away from a deal because you wanted 100% ownership?

The principles in the Academy are aligned but what sets it apart is that with Nate it's a more granular level.

These are professionals with additional training and a stricter code of ethics.

Some posters have gone so far as to call these transactions scams, questioning the legality, morality, and ethics of the buyer.  

That is a really low rate which is good so second or heloc would be better unless you didnt have the cash to get a second mortgage and the rate difference * cost of second home dont exceed the rate difference to your primary * principle left.I would lean fixed heloc then you could always refinance if rates go down.

Also, to your point, it's easy to realize returns off 35k invested - especially when the principle payment year 1 alone is around 15k.