However, rents in these areas have been increasing dramatically.

Accordingly, the odds of making a profit on your investment will be dramatically reduced.4.

Intrigued, I opened the website and all of the comps it was pulling ranged from 218k to 230k but mine was apparently suddenly worth dramatically less than everything else in the neighborhood. 

I have a few friends that have purchased townhouses in the gainesville area and are cash-flow positive because they found a great deal and most importantly because they put a huge amount down for the downpayment or have made substantial payments and pave paid down the principal dramatically. 

If income falls off dramatically such as happened in the great recession, where is that money going to come from?

I've seen some pretty dramatic changes here, and neighborhoods change street by street and often within the same street.

Each of these variables will dramatically change the advice for the individual asking this question.

We've been exclusively 1099 for over 20 years and it was simple before, but changed dramatically after 2008-2010. 

Look at the pricing in the areas I mentioned over the last 10 years, you will see a dramatic increase again ore then 250% . 

The property slopes slightly to the North, and has a pretty dramatic drop in grade on the N side of the property for about 4 ft.Let me know what you think!