So here goes a few ideas for conversation starters...We can all check each others profile for basic info, but maybe some of you would like to tell us yocals more.

If you don't have much to invest and aregoing to flip or rehab for starters, then stay very close to home.If you are a wealthy physician who wants to put $100k or soto good use and the local market is "bad" (whatever that meansbut think SoCal these days!

They will want 2 pay stubs, 2 mths asset and bank statements, two years tax returns and W2's for starters.

its not my starter home. 

At a starter, set up key words and you'll learn something everyday that is in your interest or geography circle.  

I saw this as my "starter home" and did not buy with an REI career in mind.

So as the title states,  what're some opinions when it comes to buying a starter home, below budget, VS buying 4 bedroom home that may stretch budget 40% of post tax income.Reason being and things I see, buying a starter house..living in it for 5 years, only paying off interest, and then moving again. 

MartinGreat post...inspiring for this (late-starter) newbie, thank you for your transparency, contribution, wisdom and inspiration! 

Plus we need to get through the 10-15 offers on each starter home buyers before we see a crash, IMO. 

Hey So for starters Good for you!