It's tougher because the inventory is low and sometimes the market can be thin but if the town is in a boom due to new jobs than yeah.I live in a small town myself and the inventory is very thin but the market is steady some good deals around here.

Both have steady jobs and income and could easily afford a lower rent payment.Property was purchased 2007 at the height of the market for 225K, is worth about $175K ARV right now, needs quite a bit of work including new roof, a leaky basement, and several other repairs.

I'm 24, started getting educated financially at 17 and RE seemed like the natural progression.

. - Able to put 25% or even 30% down.Cons:- Self-employed and income stream not steady.- First-time landlord.

I haven't dabbled to much in hard money as the ones around my area (Southeast Virginia) want too much paperwork and are in my mind too much of a hassle to deal with (eg. draw payments, weekly progress inspections, control of fundamental rehab decisions, etc.).

@emily dixon it's not about being cheap but considering that I am giving him steady work $200 I think it is a good price for the room size.

As I get older I have come to realize I enjoy slow and steady time lines and obtainable goals.But I am planing after retirement to try a few flips if I come across the right property.

One person seems like they have no job but is a student, no good savings, but their partner has a steady job, steady income and good rental history.

And, you'll generally find that larger institutions have loan originators who have not been in the banking arena too long, as it is a lower management level and bank officers progress through the ranks.

China is buying up this debt and has progressed from a backwards, poor country to a modern, opulent country.