By no means am i trying to be a hero, but your thinking has created a challenge and opportunity that doesnt outweigh the reward- Ive always been a risk taker, not for some "thrilling feeling", but because i know that no matter what happens, absolutely anything, EVERYTHING, EVERYTHING will be OK.

That insurance is a monthly figure - North Dakota is very low compared to most states.There is seriously a negative vacancy rate in Mandan right now.

I paid $250 and I felt like the inspector did a great job, however this is my first time so I have no one to compare him to.

I would never buy condos in a place like Utah or in the Midwest because SFR's are so comparably affordable, first time home buyers in those areas still will always buy SFR's.

If a tenant is trying to decide between your home and others in the area, how do your amenities compare to those?

Comparable homes lead me to believe it's worth 2- 3 million in this market.

The risk, of course, is they don't pay and you have to foreclose.But you'd be surprised how much better an investor does at keeping a property rented compared to a property manager.

Now, let's say that the average house of comparable size in that neighborhood, in decent condition but nothing special, is going for around $125k.

How many times will you move from a rental in the next 10 years compared to a home you own?

The rents were low compared to other rentals in the area.