I have found it tough if you can't rent it for at least 1% of the purchase price.

It can be tough to get started.

The real eye catch for me was the templates with the generated material lists. 

Originally posted by @Russell Brazil:@Steve Vaughan is in Washington state...he might know Russ  google Joe Kaiser tax overages state of WA.. he was a maniac and the state of WA AG and him went toe to toe bare knuckled.and you can see the state won.. they dont like the overage game.. and many states and counties have followed suit.. either by withholding information or limiting those who try to grab overages to 10% finders fee.. when it was common to get 50% or more.Kaiser and a few others sold HOW TO  program called Hooked on Overages.. another thing that showed how easy it was and how much money U could make not really describing how dog gone tough it is.. 

Perhaps there is an unrecorded deed here... tough to tell from the limited facts.

Anyway, good luck man, I know Anchorage is a tough market to get started in.

Generally people in those areas have a tough time putting a substantial amount of money together to cover move in costs, so I'd be interested to know if they have problems getting tenants to bite on those requirements. 

That >$1,500/mo market can be tough in general in central Iowa. 

No shortcuts, and sometimes tough to do.

@Steven McCutcheon @Anthony Angottiappreciate the advice, also will look into homestyle loan at some point, for my area it seems that all the deals I analyze are showing that single family homes in North Jersey may be a tough bet for my first investment.