Once you bought it - you’re stuck with that and you start loosing money as soon as you decide to sell sooner than 5-7 years from moment of buying....with FHA - 10-12 years.

I bought a town-home in Fairbanks, AK in the summer of 2008, right before all hell broke loose. 

I bought a town-home in Fairbanks, AK in the summer of 2008, right before all hell broke loose.

When info comes from a broker/PM/lender/anyone-else-who-stands-to-profit-from-OOS-investors-whether-they-win-or-lose, the info is bound to be biased, and I wanted to change that.

You have desire but if your path is blurry, you could learn a lot from being part of a team that has already done what you are wanting to do, and learned from the mistakes you are bound to make.

I had ran my numbers based on 4.5 rate quoted by my loan agent but ended up getting 5.625, due to which I backed out of the offer and was ready to loose 1k ED but the wholesaler came back and we negotiated the price down to 222k.

I had ran my numbers based on 4.5 rate quoted by my loan agent but ended up getting 5.625, due to which I backed out of the offer and was ready to loose 1k ED but the wholesaler came back and we negotiated the price down to 222k.

Do not loose track of your vision.

If you leave it in the tenants hands you will loose. 

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or loose money in any market.