Any other gotcha'sI am looking to move from using QuickBooks and manually running ACH to a product such as this, with the added ability to track any maintenance items, etc.

These smaller deals are much easier to estimate numbers and look at as there are not as many moving parts.  

Look forward to learning from everyone who wishes to educate me. 

So many companies are moving and developing here such as Intel, Google, FB, Amazon, Honda, etc and essentially why I moved here myself.

My wife and I did the same thing last year when we moved to Charlotte.

In-laws goals: downsize from their current property, have a constant rent payment going forward (on fixed income), and avoid a situation where the landlord wants to sell property while they are renting.

Real Estate News in BriefA string of favorable data (lower inflation, higher unemployment rate) has convinced the market that the Federal Reserve will begin cutting short-term interest rates in September, and mortgage rates are already moving lower.Reminder!

It depends on what your goals and tolerances are.I sent you a DM, looking forward to speaking further soon!

If you find one that house hacks better that's when I'd consider moving. $700 a month on rent you're paying what $1000 for living expenses.

Northern Virginia can indeed have a high barrier to entry, so exploring out-of-state options is a smart move, especially for first-time investors with a smaller budget.