Don't make the mistake of thinking you can reduce it to a bunch of formulas, some sort of gambling system.

Happy long-term tenants are worth their weight in gold, so making that move before the impact of this new company is truly known is a bit of a gamble. 

Its super walkable, safe, architecturallly beautiful, there's great food, constant source of tenants due to the universities...I am not familiar enough with the other neighborhoods of Providence to take a gamble there yet, but am interested in studying Cranston.

Our agent is saying that there is pretty much no data to estimate what the appraisal will come in at, so it is completely gambling without this contingency in.

I know the UK model and wanted to understand what he was doing in the USA.

I’m a property newbie reading books about investing( mainly American ones) wondering how the concepts in them differ to ones used where I live (England).

Hi Everyone, Sorry to jump on this thread so late but I found this when researching the potential of buying a log cabin in Gatlinburg.We are from the UK and fell in love with the area on Honeymoon and have been back many times.

No it doesn't make those choices correct when gambling.

Exactly right,Appreciation=Gambling  To be honest no one has a crystal ball and knows exactly what the market is going to do in the future.

And then used cash from the last owner-occupied house (in the UK) to buy another rental.