I would definitely expect a slight increase in the rate, but it is doable.

Long Island house hacker here :-) I'd say - it's not only doable, it's also tough to live here without doing it!

Getting started in another city as a Realtor is tough, (but doable) it takes time.The transition between an Hourly employee to a transaction employee takes time to generate enough business to replace your full time income as well.If you work full time in HR and work part time in Real Estate and you are committed and consistent enough.

I don't know the market, but here are some points to consider as a buyer.On a SF deal don't put more down than 20%, 15% is better and 10% is doable with a 3 year term.

The Gateway area is nice and "do-able" for your price range.

But certainly doable.

There are great deals in Alabama (Birmingham for instance) but you need to be there because despite the fact that there are tons of properties on the market, there are very few that you can call "great deals" and once they come out on the market, you got to be ready (You snooze, you loose type of thing) If you made yourself familiar (I mean really familiar - cost, rent and rentability, quality, etc) with a good area of investing, your knowledge could be a gold mine to investors.

It's doable man.

@Alex ClarkYou have to define what "doable" means for YOU. 

My questions are:Will the seller ask his lender if this is legal/doable?