Are you dependent on employment income to sustain making the payments on the loan?

I've looked into Conway because of it's budding Real Estate market, employment, and excellent university options.

Otherwise, I feel like I'd want it out of the way...The broker or brokerage firm that employs you as a realtor, 'may' feel that your investment activities could interfere with that of the brokerage. 

When I say quality, a quality person renting a sub quality place isn't happy, if they have a situation like a foreclosure through four years ago and they want to be homeowners again, they should be willing to jump through some hoops as far as rebuilding your credit historyAlso I mean quality is far as the quality of the location and the quality of the house that's for rent, many houses for rent are crap, and the best school districts and safest neighborhoods are only houses for saleCharles I've been doing this for 30 years and with the times that we are in right now with tenants having such a hard time getting a mortgage and getting out of the Rent  Trap, this is not a buy-and-hold strategy Like in stocksI live in a very expensive area Los Angeles and the average person can buy house because they're 900,000 to 1,200,000 where I live and lease purchase has a place here because many people can get mortgagesBut if you lived in Pittsburgh or you live in Cleveland or you lived in Orlando, you can make money with lease-option assignments or sandwich lease options if you've got a little bit of money for reserves as a real estate entrepreneur operatorWhat's in it for the seller is they can lease with an option hopefully with the right screening of tenant buyers that have ties to the community and strong employment where they're  not going to lose their jobsWhat's in it for the investors is that they can do a lease option assignment or sandwich and make some money without getting a bank loanI do like lease purchase over lease option for the seller because it's a stronger commitment and a definite end to the dealFor the buyer I'd much prefer a lease with an option with an extendable option in the initial contractFrom a business point of view if you're interested in getting better appreciation you can just do one year agreement and ratchet up new agreements at 5% a year or a new appraisal every 12 monthsI have put together a lease purchase arrangements where the sales price has been tied to either a new appraisal or a set floor price whichever is higher, to prevent a loss; in stocks this is called " collaring "where you have a  call order at a lower price to prevent a big loss and an order to sell a certain high priceSee protective collar http://www.investopedia.com/articles/optioninvestor/07/protective_collar.asp

Usually the state employs local (city) building inspectors to do this on their behalf: so your city's building inspector will come and inspect the building on behalf of the state of NJ.

If you have enough income, you can use that to hold you over until you find new employment.

I had to move back to NY (with parents) a few years ago because of not being able to find employment.

We each have different goals, different levels of income-replacement (or cash-flow) desires, different current marginal tax rates, and I think it all plays into a whatever strategy you employ. 

There seems to be a lack of good jobs in the area and big local employer PG&E is in the process of closing their operations which would further exacerbate the situation.

so I've got about 125k of equity in my home and was planning on refinancing to capture that equity for my next project but no-one will loan because my employment isn't "permanent".