Sorry I didn't explain myself correctlyYour contract says if they back out they owe you something like $26,000.The seller knows what the house is worth and they know they are selling at a discount.It's not a shock to them that it's worth more than what they re selling for

The response over and over again was "Why he may not even go to college, and thats like 18 years away he is like 5 months old".With attitudes like this so rampant in our Country, I feel another debt crisis is always just one or two economic shocks away.

My feeling is that this is a great opportunity to setup your portfolio to perform dramatically better in the future when rates start to rise.When being offered rates that are shockingly close to zero given their long term averages, I don't see the wisdom waiting. 

This article has some good info on the areas surrounding New Orleans:  Cities with the fastest growing home prices in New Orleans metro areaHere's an article regarding the insurance situation in Louisiana:  Insurance Shock: Homeowners' policies skyrocket - bad for all; worse for someHomeowners Rate Comparison Guide An Online Tool to Help Shop Your Rate

Also, when buying an occupied property make sure the tenant's safety deposit and partial month's rent (for remainder of the month of closing) are included in the HUD.In Conclusion:I know many investors have done much more in much less time, but if you told me a year ago I'd have 3 out of state rentals by now, I'd be shocked.

You’d be shocked by how little actual screening many PMC’s do!

I know Edmonton has a reputation as being a relatively affordable market in Canada, but coming from Atlantic Canada, where my 2-unit home in the heart of downtown that was completely renovated in 2019 and cost $285K, I'm having a bit of sticker shock.

Many investors in VA are shocked at how fast things are changing.

So, when I ran the numbers after the fact I came back with around a 2% CoC return, I was shocked!

The fact that I hear, "we never exptected the fed to raise rates" is shocking.