I purchased in this area because I knew I'm going to live here, so location was important for me.

It not only helps save time, money and the boring drive - even though I'd listen to tons of podcasts on the way ;-) - but it also focusses you on the very important phase of analysis and not getting emotionally attached when looking for an investement property.

@Shiloh Lundahl, I guess the important thing is that you have been making a killing doing it and presumably doing correctly whether you knew it or not.

Nothing is more important than the property management for the long term success of your rental.

We have learned an important lesson through this experience:  Although the bank countered our offer and we accepted their counter, at no point did they issues us a Bank Approval Letter. 

I recently inputted the keyword searches you can create in your profile and it is invaluable to getting content that is important to you.

The questions on financing raised earlier are also important to take into consideration.

You can record a 2 year lease if it has important provisions, such as the option to buy.

Its also important to not play games with the seller.

Each lender is different, so this is an important question to ask.