The Japanese market is different in that it is a high yield cash flow market, non speculative investing.

I am not sure if I should stay local to my market.

I bought a condo in Norman Oklahoma 3 years ago and due to the rental market, I have struggled to get another.

You picked a great community to join.. have you checked out local comps to gauge the market vibe yet?

My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates). 

Hello @Daniel Summer,The Memphis market has a solid MHA/Sec 8 rental.

Likewise, the same can be said for properties with in-law suites or finished basements.Have you considered or explored any particular ATL markets?

I help investors find opportunities in the NYC market, specializing in residential and commercial properties.

This means having to take a chance and take the property off the market for 2 weeksOption 2- Accept the offer with a provision that allows you to continue to market the property, knowing that there's a chance FHA may not fund the deal. 

Look at their marketing strategy.