I live in Fairfax with my family as well. 

They’ll be paying 40% of market rent, you’ll be paying them $3,100/mo to “be good tenants” and you’ll be out $261,000 in rent. 4) think about the “lovely good tenant family” that you are denying a place to live for $1,600/mo (20% under market) because you want this other family to live there instead.5) Try this exercise.

I'm looking in the East English area, since I use to live in the area.

I’m from NC but have been living in the DMV now 3 years.

I moved from NorCal to live and invest in Reno, NV because I still wanted to be close to the Bay Area but wanted to have much more favorable landlord/tenant laws, low property taxes (that don't reassess on the sale), consistent diversified job growth, and land constraints for higher appreciation. 

Purchase price: $405,000 Cash invested: $180,000 This was sold as a 160 acre ranch, BUT it did have an OLD ranch house that was in too poor of shape to live in.

I own a media business specializing in video for social media and live events.

I live in Northwest Arkansas.

The reason being because of the 25-30% LTV you’ll have to live with on the refinance.

And remember, the journey through the market, with all its ups and downs, is part of a bigger adventure – living the life you've always dreamed of.Keep that in mind as you set out on your own real estate journey.