I suspect the jobs market and economic data is going to come to light after the election which will show the economy is not as good as we thought and potentially provide a little more relief on interest rates.

Going forward, I'm going to invest in real estate with a specific purpose and intention, cash flow. 

It can be a great way to generate cash flow and Blue Ridge is a strong market to do this!

Perhaps you could stick your job out a little while longer like I did and start building up a portfolio of rentals to provide you with enough income to be able to give you some cushion income to quit your current W-2 and make the transition to a new job you like better.

We've found the most success the midwest and southeast in markets that still cash flow very well, but also see strong appreciation in both rents and home values.I think you are off to a great start to research a new market to invest in. 

I can see the advantages of being able to get a down payment to reinvest in a small MFR and I will be able to capitalize on my lower interest for some positive cash flow.All of the disadvantages I can think of involve some upfront investment for legal advice and work, time for further education and that's about it.Any feedback will be greatly appreciated.Thanks all!

Purchase price: $525,000 Cash invested: $125,000Multi-Unit in Small towns is amazing.

Why not just do a cash out refinance and add them to title so you can walk away with some cash now? 

As Brandon noted, you will need to provide an explanation as to why you were late.

Purchase price: $112,000 Cash invested: $22,000 Bought this 3-bedroom 1 bath house in a vacation town and moved into it.