Or, have a good working relationship with a hard money lender... as banks will be useless.Tilt yourself toward cash flowing properties - it is the flippers who were really caught with no chair when the music stoppedMake certain your financial situation would not require you to sell a property at a loss (time is on your side - my shelf life is shorter than yours) Consider avoiding purchasing a condominium or home in a planned urban development due to overreaching homeowners associations who can AND WILL alter bylaws (after you purchase) preventing you from renting an owned property. 

Thoughts are: yes it has its place, but like any financial instrument should be used by those who fully understand all of the potential impacts well.

We were married on Sanibel Island and we're lucky enough to to have our wedding filmed as part of the official Sanibel Island music video with our appearance first @ 4:12 into the video http://www.youtube.com/watch?

The rents would be X dollars, they won't destroy trees and they can't use too much electricity with music jam sessions, to it's easy money and it's rural, no restrictions, so why sell an income producing acreage as if someone was going to put a cow on it?

My husband is a private music teacher.

The music is playing.

Also, there is a huge technology, gaming, music industry and tourism industry here. 

What if they cook food that has a strong smell, play music louder, etc...

Highly prefer an area that has live music and local farm fresh foods.

Technically speaking there are a plethora of other debt or debt like instruments that would yield much higher, but I would not say the risk is comparable to your Ally account.