It possible that the market will stay low for a long time.

Faith in Whirlpool appliances at a new low.

I'm not too familiar with the markets yet but research I've done suggests that the towns of New Britain, New Haven and Hartford all have a good mix of inventory and low prices coupled with plenty of amenities, night life, cafes, etc and local colleges to bring younger people to the area year after year.

You’ll pick up so much just by listening to people who’ve been through the highs and lows of the market.

As the market evolves we've intensified our commitment to helping investors focus only on listings that are eligible for vacation rental usages and either; have exceptional existing production or high potential for rental performance.

There was positive population growth, medium home price growth, low unemployment, good rent to home ratios, and low crime, all of which are factors when I start looking into an area to invest in.  

My mentor told me I was still charging too low for the value I was providing. 

Multiple people had some bad things to say about the area, but when I moved and realized that it was a low income area with a lot of homeowners, I was motivated to improve the property to match the effort my neighbors have put in. 

Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.

Rates as low as 7.25, depending on credit score and LTV.