I also have access to 30K credit at 12% from a credit card which I would probably use to rehab.I'm considering keeping it because it's on a 1 acre lot in an area with a lot of luxury houses being built(350K to 430K).

My son will purchase his own home when his investments are sufficient enough to support the luxury of home ownership.

@Curtis Mears we may have to sit and grab a coffee so you can educate me on the virtues of Knightdale.

A personal home is not an investment it is a luxury liability.

There is no shortage of people telling the virtues of these  cities, but I am having trouble understanding how to independently research an area to see if it has a good long term rental outlook other than just accepting what others are saying.  

I do not have the luxury of a home equity line of credit at this time. 

Very interesting how high vacancies are in 'luxury' or simply newer product."

Lots of high rollers rolling around in their expensive cars, living in expensive houses, quite a luxurious lifestyle all based on a high income, who can keep their appearances up as long as they can keep financing it through loans. 

I don't like that my name isn't on the agreement but as long as I would be recognized as a party to the agreement by virtue of owning the property, then I guess I would be comfortable.

Being in the Military (I thank you for your service), you have the luxury, or curse depending on your view, of being stationed in different places.