By no means an expert, but this is what I have observed:The rental market here has been going up quite a bit lately.

You can learn a ton from the real estate experts on the site.My friend @LaTashia Rose is a good Realtor in LR. 

Perhaps a savvy finance expert can help me figure this out.

Sincerely yours,Dean-Ross Schessler, BS, MS, PhD, MBA, CPCM*EDGE Consulting Groupnote * = Certified Professional Consultant to Management

Maybe an expert can confirm, but I don't think it would be a problem for you to move in a year, but I doubt you could get another FHA loan that quickly.

Certified Commercial Investment Member

@Brent Coombs The market price of the property is 106K, we are able to get it for 83k because it needed it a lot of work, we spent 7k in fixing it [we are not expert, first-time deal].Every time you pay close to retail for a property, you are limiting your opportunity to get ahead of the game.

In the back of my mind I always envisioned this was for seasoned experts or those on the inside.

You can learn a ton from the real estate experts on the site.Also, please get involved with the Memphis Investors Group (MIG), which is our local Real Estate Investor Assocation (REIA). 

If there is an expert that you want to hear from that is not in my network, I will try and find the best person in ABQ to speak on the subject.