I took a couple trips to Aberdeen / Grays Harbor and Longview where the numbers were enticing but wasn't thrilled with the future outlook of the area.

If you plan to get students in I would really scope out the block and path to bus, etc. to make sure it is safe and there are other students next door, down the street etc.

About Loudoun/3rd - there's a new bus depot and lots of push to "gentrify" this area, so you actually might be a bit ahead of the curve here.  

My experience with HOA boards is that people who got picked last in school and are on a major power trips just love to get on these HOAs boards.

@Michael HollingheadYou post that you are looking for a house in Alabama or Florida on an Internet message board,  wait 24 - 28 hours, and your inbox should be a flutter with wholesalers - both pros and cons.Next lesson - not all wholesalers will being you a better deal than you can find on MLS ... in fact, some will try to bring you properties off the MLS ... marked-up of course :-)Now, to be fair, there are excellent wholesalers out there who actually know how to properly analyse a deal and estimate rehab costs ... you just may have to wade through and trip over a lot of pretenders to find a diva.

I am talking a trip down this road now, and hadn't considered the effect of #3 yet.

The more houses you get, the more cashflow you gain (or should =P) so everytime you close on a property, you two will take a trip.

Let the seller know if you get hit by a bus payments will still be made and the escrow agent will notify them of a missed payment. 

Hello Roshan,I would be happy to meet with you when you make your trip.  

Thank @Joseph HamaouiI did not get make that trip.