@Evan Bellingar  real estate tends to go in 10 year cycles 5 is a little tight.but no one save a few ( watch movie big short) really saw the 08 melt down coming or thought it would be such a global disaster as it was....Were ORegon got hurt the most was in Construction... in from 1992 to 2007 there were an average of 12,000 doors being built in the metro area. that slowed in 08 and by 09 there was a grand total of 700 permits pulled... construction financing had froze .. and a great many in the trades went bankrupt lost their homes and are just now pulling out..

The weather is cool and temperate.I have found that just about all of my rental properties have mildew issues.I have installed vents in all rooms to promote air circulation.  

I have heard nightmares about that stuff in big rooms.  

We started REI in October 2014 (we being my dad, my sister and I, and our husbands), and got a duplex in early February 2015 to hold, but have been struggling to find something with room to flip.

Juneau is landlocked and there isn't much room to build there unless you have a pretty penny.

Coincidentally, I was trying to get out of the high rent we were paying and Irma decided to put a large tree in the house destroying the kitchen and dining room (we weren't home).

Most guidelines state that you can have 2 occupants per bedroom and 1 in the living room. 

A 2-3 bedroom would be great if the layout would allow for the living room to be converted into a bedroom.

I'm always extra cautious from any lender online, due diligence is important...Originally posted by @Jay Hinrichs:that sounds too good to be true frankly.. caution unless this is a personal friend or family member if its a private lender you met on line.. good chance you will lose any up front money you give them too good to be true terms from on line lenders or someone posting on facebook linkdin  or BP  ( on BP they will send you a PM)many times are fake.. and just want your up front fee and as much as they can squeeze out of you.usually they need 500 up front or something like that for an app fee.. they string you along and then right before closing all of  a sudden they need a grand or two.. then you send that in then they say there is a problem with the file we cant close sorry bout that. and you have formally been scammed. 

The mortgage right now is around $3000 monthly, I'm house hacking and currently renting out 2 rooms for $ 1k each.Would it be a good idea to use the equity now built into the home to purchase an investment property?