The most stable market in the history of the world (the us economy) requires a five minute phone to invest and diversify in.

@Javier Lombera - Welcome to the site and to the wonderful world of real estate investing!

Hi BiggerPockets community!,I'd like to start off by saying I am very impressed at the varying levels of expertise represented on this site and that I only wished I would have learned of all of these opportunities ear...

Also if you are not going to scale up, it doesnt make sense to be an OOS landlordwhen I thought I wanted to be king of the C class rental world and bought 350 of these.. one thing I did prophylactically was I replaced the waste line on all our homes during initial rehab

On top of this, you are doing your daughter a great service by allowing her to gain real world learning experience managing a rental property - she will learn more valuable lessons from that than the 4 years in college courses!

Its a third world country 15 miles from where I sit now.Lets say you bought in this area in in the 70s, 80's, or even 90's with the mentality that you are going in with. 

@Nate Burgher Ill be living in the property as this is my first step in the real estate world.

Many people are gearing up and cheering for the end of the economic world and think they will automagically become zillionaires.  

Thank you for the shout out Scott--hope all is well in the self-storage and development world!!

HUD also only required a $1000 EMD, which is peanuts in the world of REI.