Downside (and it's really not in the grand scheme) has been the increase in property tax each year because the area is improving, which has raised the mortgage, which has decreased cashflow.

My husband and I are in our early/mid-50s and own our home in Grand Prairie, Texas.

The rental is located in Idaho Falls, ID and yes it is very seasonal because most of my traffic is for Yellowstone & Grand Teton National Parks.

When the market crashed in 2008-2009 people lost fortunes without being scammed.I'm sorry this happened to you and I hope your future deals are all grand slams!

So on a recent trip to Myrtle Beach to feed my golfing habit, I discovered that the majority of the "Resorts" along the grand strand were in fact Condo's that were handled by a board and rented out weekly.

Now reduce your percentage of 30% for total available credit balance, which starts to decrease at 10%, not 30%, and subtract a portion of that, usually 3-5% at 11%, and increasing in loss of points per points above 11, seeing substantial drops at anything above 30%, and additional negative impact at 50%.Now assuming you are at a loss of 10% for the average, you drop 85 points, because lets face it, not many people have 10 accounts for 10 years on average, the average person has 3-5.Now assuming you lose another 3-5% at the lowest, with a more realistic loss of 10% for 30% of credit max, you actually reach roughly another 25-30 points, for a grand total of over 115-125 points.Now assuming the average americans credit score is a 720ish ball park, you just dropped from a good credit score, down to high 500s, to low 600s.

Honestly, I’d look at places like Tucson, Maricopa (city), and Casa Grande that still have lower entry points, depending on your price points and prerogatives, of course.

Fort worth and most of the outlying cities on the southern end, like Lancaster, Crowley, Arlington, Grand Prairie, Desoto would be your best bet. 

And despite what this society says about being innocent until proven guilty, do you really think a federal grand jury, presented with this information, is going to unhesitatingly believe you actually lived at that property for that year?

Grand total $65.