I didn't feel comfortable with it.After I left teaching in 2011 I felt the weight of a 100lb pack taken off me.

If you can comfortably answer all of the questions, those are the same questions pl will ask.My criteria: must have done at least 100 deals in good and bad markets.  

Make sure the basic comforts of a home are available to them ASAP - functional kitchen, finished bathroom, finished bedroom.  

If you are comfortable with the amount you will need to borrow then put the property under contract.

Make it clean and comfortable.

Some additional thoughts were to turn it in to a group home and just collect rent (typically higher than fair market), re-rent it and throw additional principle at the note each month to decrease the potential loss then dump it when I'm comfortably low enough.Trying to get creative here....ill keep pounding the pavement.  

It's the environment he feels comfortable in.

It really depends on your comfort level. 

I would suggestion you search out an area that has a price point that you feel comfortable with and you could access quickly (10-50 minutes away from you).

I supposed if I were comfortable with the deal and the terms, the market wouldn't matter, but that thought is completly based in ignorance.