For $135,000 you can surely buy a quad in ABQ but it will be in an interesting area and either need work or will have higher maintenance costs due to the clientele.But lower income housing surely cash flows better and NM has good weather.For me personally the question goes to what is your long term goals, why NM?

We've started by buying larger home where we could live on one floor and rent the lower floor.

A cash buying flipper likely would desire the price to be lower. 

Thus I was led back to my roots, but let me explain.My family used to deal in real estate on a relatively amateur level.

@Jay HinrichsNothing that I'm aware of at the state level.  

oil based enamel will leave a smoother finish than latex and it does not matter so much whether you roll it or brush it with an economy grade brush because it will level itself out better than latex

I had already made off and agreement on 2500 for closing but rules state only 3 % so I ended up only getting 1150 instead and couldn't go back and ask for lower price from seller

I've ran the amortization data comparing the cost differential of buying now at a low interest rate versus paying a higher rate in the future with a lower home price.

- Tom Tom i have the same terms and approach, they are letting me get away with 20% down right now, however i am sure my average price point is lower than yours. (80k -150k)

My company is a buyer and private lender on lower $ ARV SFH properties throughout the U.S.