One other rationale thought on that would be that the loan for a new primary residence actually isn't that much smaller since the part you're living in now is only 1/3 of the 200K house.I think it would be worth your while to also check with a local/regional bank.  

In fact, Clear Capital predicts that the Midwest will be the fastest appreciating region in the U.S. in 2015.

I am excited to contribute to the forums, learn from all the experienced people in this community and connect with any investors in the Augusta, GA region. 

Not sure whether you work with any architects, but you should reach out to Sheena Sharp of Cool Earth Architecture in Toronto.  

If I was still living in Cleveland I'd be willing to bet that I could find some properties in the region that would qualify under the "2% rule", but it sure looks unlikely in this area!

And of course if you in the NYC region, hit me up!

every region has their own little "quirk" to them that cannot be assessed with a single calculation.   

I'm most familiar with the Fairlawn/Bath region so figure I should check my comfort zone first.

I'm smack in the middle of the Chicago north/northwest suburbs and as far as I'm concerned this geographical region consists of many suburban utopias!

Kurt Africap.s Would love to hear from Toronto Investors