The challenge is a strategic personal residence short-sale on his record from just over three years ago.

If you plan on purchasing more houses in the future, strategically set aside seed money for your next purchase, build your cash reserves, pay-off (or down) this house so that it cash-flows and leverage that money (after saving 50% in a contingency fund for vacancies, ect.) into buying another house.An alternate path to consider:http://www.biggerpockets.com/renewsblog/2012/12/12/make-a-million-dollars/Let us know what you decide, and keep us posted!

Webb.In any case, do you think Sparta is more strategic than Cookeville as far as investment properties?

I started in the "ocean" and had actually avoided the "pond" for years, but after the influx of new investors within my metroplex, I re-strategized my marketing efforts.

The rental market is robust so pulling 5k on a 4br home is not out of the realm.

Myself though...I'm a guy who will always leverage financing strategically.

If the insured does not have sufficient personal liability insurance in excess of $300k and a $1 million dollar plus umbrella policy or if the insured lives in the property a more robust DP policy will be in order along with the umbrella and flood policies.Individual HO-4 policies will be needed for each tenant but that is the responsibility of your tenants. 

These new profiles will replace the current company system with more robust profiles that are interactive, and which do not require approval from our admins/mods.That said, there are a few important things I want to bring up:1 - We're looking for beta testers for the new companies system.

The first thing I'd do is educate yourself on the strategy you want to pursue - single family is different from multi-family and then be strategic with your market.

It describes in detail the fundamental drivers of the real estate cycle in any market, how they change with different stages of the cycle, and how you as a strategic real estate investor should track them in your market(s) so that you can make strategic investment decisions based on what is happening.