Even if you buy an ideal property to begin with, things can happen that change the market, like school rezoning or a new neighborhood is built out front full of condos, etc., that makes the neighborhood less appealing.

I think it's a trendier neighborhood than where you're at, but the amount doesn't seem to be a problem.

It is rural land, but in a neighborhood with mobile homes.

According to a local rental service the average rents for 2 bedrooms in our neighborhoods are $1,050 for 2 bedrooms.

The appreciation value (or forced appreciation value), which means the property will be "comparable" to the 4 bedrooms in the neighborhood as oppose to the last comp of two bedrooms.

I'd suggest watching rentals in Craigslist weekly to get a feel for your neighborhood.

In other details that might be important, homes are cheaper here in east TN than most places so finding foreclosures from 30-70,000 that are valued at 100-150,000 seems to be pretty common and they're nice houses (not in bad neighborhoods or anything).

If there are plenty of properties at the price point in your neighborhood, you'll want a good lender you can work with long-term.Mike

In education, I had mentors that helped me climb the ranks and I'm well aware of the value of a mentor.

there are some REALLY nice neighborhoods!!