I think over the foreseeable future we will see this continue due to rising prices in those markets like California and New York.

@NA NASince this is your first purchase, focus on finding a property where the numbers work, rather than just any deal.

But if I sold today I likely would lose atleast 10k.Would it be feasible to just relocate for the job and rent the house for the time being and see what happens?

This is how banks verify property owners maintain insurance.

Looking forward to networking and potentially working with this amazing community! 

Quote from @Melissa Stanley: This is a tough one.

I was wondering if there are any investors here that already have a portfolio in Memphis that might be looking to add a property.I'm working with Crestcore and I like them but I've realized I prefer local investing.

I'm a huge fan of San Antonio as an STR market, but it is, like most "mature" markets, very sensitive about WHAT performs well. 

Did you you furnished finder or someone like them?

You get money at closing and then you refinance when rates go down.Anyone done this before?