In general terms, to ensure things go well, buy in the best areas you can afford and stay East, Memphis has a bad habit of degentrifying the further west you are.

Investment Info:

Single-family residence buy & hold investment in Akron.

Purchase price: $55,000

Cash invested: $420

Akron SFR - purchased with a discount after discovering roof issues via home i...

SFR is only bought for rentals generally in the mid west rust belt deep south.. reason is they don't pencil in high priced areas.. so its not really any kind of comparison at least as it relates to SFR'sthis reminds me of when I started in real estate in the mid 70s  My add in the SF chronicle was  1k down get your self started in real estateand through the mid 80s when I sold ranch land.. its was all owner finance and many bought their first properties that way since they could not afford a home or down payment in the bay area.. we sold thousands upon thousands of lots and small acreages in N.

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A market climb that btw has far beaten most other investment vehicles.On top of this, when you DO decide to terminate your service, you'll still have access to the VA loan program for your next owner-occupied home, just not as a first-time-buyer...slightly different terms but still a nearly unbeatable program.After watching home prices and rent rates and correlating neighborhoods for over a year, I bought my only property, a duplex, in Los Angeles (West Adams) for $560k on the VA loan as a "house hack" (before Mr.

I am a full time engineer in chicago south west suburbs (hinsdale, IL area) that is dipping his toes into the rental property world. 2 years ago i purchased a duplex, living in half renting out the other half.

Looking to trade for either a single family rental or multi-family with stability out west.     

Ideally I'd like to house-hack further west towards LA where I'm originally from, but I'm assuming I'd probably be priced out?

I mean how many agents are going to be on your dream team when your capacity is to buy one 70k house in the mid west and hope to rehab it.. and want them to do all your ground work.. time suck for agent.. that's for sure. 

I'm following the changes in the city and I expect all the expansion east and west is going to leave a void for young professionals that would prefer to live closer to where they work and hang out.