What Im eluding to, be sure you have an equitable escape should rates, time, etc. turn against you in the future.

Hopefully can buy a local one in the future.

@Gil RoebuckWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

@Brett Wagner, surely, the only reason why you'd buy "anything that didn't make sense on the calculator" is if you were banking on future appreciation, right?

Considering the length of time that has passed i will assume you already have someone, however I would appreciate the opportunity to give you my contact information for future projects.

I have been reaching out to banks and previous owners of properties in a nearby area and a bank responded back on a property that that they currently have on the books to go to auction in the future.

My only worry is can buffalo sustain  this growth, and how easy it is to get new renters?  

Multiple 2K deposits + having the ability to close on loans in the future (when there is uncertainty at the top of the market) can add up.

Some of the research I'm including in my market analysis is: 1) Rent-to-Income Ratio2) Unemployment Rates3) Population Growth4) Future employment/development trends in the area (i.e. what are the major employers?

I'd like to have an agreement that has clauses that allow me to sublease to property, and stating that the tenants would be responsible to pay for any sustained damages while under the lease term, if they so chose to not buy the property.