It would seem to me that most subscribe to the philosophy that rates will stay low indefinitely, in part because that's the new precedent, but also because the Fed has to keep them low to keep payments manageable on our national debt.

This is in the midwest area.The listing says that the duplex is occupied with two tenants who are interested in staying for the long term, and have a consistent payment history.I haven't gotten much information, but I'd say for the area, each tenant is paying 800 dollars per month.Now I am 21, and I have about 20k in the bank, and im willing to spend 15k for a down payment.

Also not staying up on local regulations of STR market.

I am okay living with my parents for about a year, but wouldn't want to stay too long there.

@Etahn Smith In Bergen County having laundry on the premises is a nice value add and a great selling point, just be sure that the machines stay in good repair and that the ratio of machines to tenants is favorable to avoid tenant disputes. 

Stay in touch.What's your YouTube channel so I can follow along? 

With my investments, everything is geared towards short-term stays, and I don't worry about things getting damaged because it's all meant to be replaceable.  

Catch: He stays for 3 years, I can utilize the property as well, but he is also there.

That could be a great way to find and stay engaged with local investors, realtors and opportunities. http://www.biggerpockets.com/alertsYou can also search for other investors or brokers in your market and follow their journey on Bigger Pockets here: https://www.biggerpockets.com/search/usersAnd of course, be sure to subscribe to the podcast - so much great info there and always full of inspiration.

Are you wanting to stay in your current market/area or to branch out?