If that means waiting a little bit of time to save up for a more expensive market, that is what I would recommend.

We attempted to buy from out of state and decided we would rather rent first and make a more educated purchase than rush into a possible mistake. 

Hi Belinda,I don't know any probate attorneys off the top of my head, but I'm sure they can find one at a more affordable cost.

With this in mind, I think that using roughly 1% of the value of the property would yield a more accurate model.

With this in mind, I think that using roughly 1% of the value of the property would yield a more accurate model.

If this home was in a more desirable area I would hands down fix it up and rent it back out.

I understand the benefits in terms of securing a 30 yr. mortgage and having a more cashflow friendly debt service.

I think that Albuquerque is a more viable option for me than Santa Fe. 

I am trying to be a little more conservative than what our actuals are running right now to give me a good idea of what our returns would look like with a more normal maintenance schedule.

@Courtney Fletcher  They don't send a "scout" to drive by and make sure you're living there :) the criteria is that you purchase the house "with the intent to live there yourself" It's sort of a moral thing.