These properties range from $200-600k so there's a wide range of selection available.Also, how much money do you have for repairs & upgrades?

This shouldn't happen often if I am careful on my tenant selection and upfront about the terms. 

Should you stick with the general rule of thumb and not select a mortgage that is more than a third of your base salary?

Lending standards, an oxymoron back then, are much tighterRising interest rates will have a dampening effect on demand.

Some problems that can arise with homes like this especially in colder climates is the lack of winterization and the effect that the weather and time will have on the materials. 

@Justin Urich and @Gwen FyfeNew owners are are getting mail either from the franchise owner wholesalers (ugly houses guys) and others who spend a boat load on marketing or newbies that didn't scrub their list and only selected absentee owners. 

I think the downturn is going to be temporary and will effect everyone, but who knows.

We are testing the Reonomy but the efficacy verdict is still out at this point on their service.Does anybody else have any list sources other than apartments.com that they find effective?

Would this effect me acquiring my FHA loan ?

Once your list is created you can select and create a multitude of mailers based on your budget and the mailing is done on auto-pilot.