It wouldn’t take much time with “steady” home prices for the graph to self correct. 4) I assume at least some of this is choice.

Overpricing will likely lead to longer vacancies and lost income.Respond QuicklyTenants have more choices than ever, and properties that don’t respond to inquiries promptly may lose out.

@Jenna SchulzeAs a newbie investor with limited capital, I’d invest close to home.Invest in areas you know well.I’ve been in the RE industry since 1978 and people always ask me:What’s the best market to invest in?

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate) AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.

For what you are trying to achieve you'll want to stick to the suburbs and a few choice neighborhoods on the West Side of the city.

Others are responsible with their budget and can stretch a dollar.If they are excellent renters, I would offer them the option to renew and let them make the choice.

It’s never as simple as it first appears, which is why we always advise our clients to let the math guide the choice.

Smoky Mountains seems to be a solid choice but I wonder about oversaturation and competition in that area?  

Lots of good choices! 

And it doesn’t end in closing the deal; it's the beginning of an extraordinary transformation to come with a full renovation and redesign!