Money talks.I bought our first house, alone, at a foreclosure auction and then evicted the previous owner when I was 24.The bank saw two incomes and stable employment with no debt so they were happy.

Hi Everyone, I recently landed a deal at Piscataway NJ - not a great deal, but it gave stable return being that it is walking distance from Rutgers. 

I wonder if there is any off-the-shelf affordable ones out there.If you have any experience or ideas, please let me know!

It's a 2 bed 1 bath bungalow, in speedway,indiana(stable rental market), good schools.Purchase price is 55900, I expect to put 3k into it, to get it rent ready.Heres the numbers, opinions appreciatedPurchase price $55900Down payment 25 percent. $1397530 yr mortgage at 4.5 percent on $41925P/I payment    $212.43Total Cash invested(downpayment+closing costs+rehab)= $18975Expected rent- $850 a monthEstimated NOI= $425 a monthEstimated cash flow per month=   $212.57Annual cash flow= $2550.84Cash on Cash return= 13.4 percentI expect to self manage at this point, so hopefully can do a little better on operating expenses.Any opinions?

While I don't disagree with the general thrust of what Brett is saying, purpose-built quads are very rare in NH, and I don't see a lot of them available.I do singles in stable small towns with good school districts.  

There is stable and strong economic growth in these cities, according to the MGIC.com market trend analysis.

Pasadena didn't lose too much value during the recession and is a very stable city when it comes to home values.As far as if prices are going to go up or down.

During conversation she told us she was section 8 and received disability for an OCD condition her occupation I forgot but I remember it not being  very stable.

My first thoughts would be where the economy is most stable and where I'm going to spending the most amount of my time.  

It's stable, long-term, low cost debt.