There's a good chance it will cost you more in the long run.Save up and buy in a B-class or C-class community with a long, stable history.

While it isn't quite the 1% many are looking for, these homes are often in areas with brand new infrastructure, new commercial projects, and relatively stable future outlooks for growth that will continue the strong renter demand.  

In short, our long term residency and employment should be stable.

You have people who have vacation homes that are only occupied for a few months a year, vacation rentals, and many people living on their own meaning you need more houses despite the fact that the population may be stable.

That is, a strong cash flowing deal in a stable market may get all the IRR from cash flow, but a business plan that relies on heavy renovations may get more IRR from capital appreciation.It all comes down to aligning the right investor to the deal. 

Would certainly recommend visiting if one is close to you.Now, your loan would be SIGNIFICANTLY better if you just had a stable job.  

Background info:I currently make around 50k I have 20k for a downpayment (and still constantly saving)I currently am living with family so my expenses are around 1k a monthI have no debt, single, with no obligations Credit score of 770Currently in college studying to become an RN, two and half years left to finish (only purpose is to obtain a stable higher salary to use for RE investing, this is not my passion nor something I wish to do for a long time) RE experience:Currently managing a duplex and a SFH Have partaken in three rehabs So being hands on is not something I’m scared of My personal thoughts:I know the cash flow investing OOS rentals would be better, I’ve specifically been looking at Huntsville, Alabama, certain parts of Ohio and so forth, compared to house hacking here in San Diego.

Now I am still holding the property, with stable tenants at competive market rate (just shy of market average).Lessons learned?

We were there, we were back and force between two units and didn't look at the shelf before letting the company go. 

I have good credit and stable work history.