This is also personal decision based on individual risk tolerance. 

But if you over-paid and also were banking on appreciation, this is where things could hurt you, particularly if you are looking to sell any of your properties and trade up for something bigger.

The credit agencies see that buying a house is likely the largest financial decision that most people make so they give a 2 week allowance on your credit to be checked as many times as you like. 

@Buck MorganWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

By Appealing your case it'll over turn the JP Judge Decision. 

The reason I ask is because I’d like to start looking for my own personal home to buy but I’d like to be smart about my decision and it seems to me the smartest move would be to market the area and type of house I’d personally want to live in.

But will always appeal to workforce, trades, homebuilders, heart and soul of America families.

@Matt Von BargenWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

It was easy to find a house I wanted to renovate and live in because I didn't have to factor in the closing costs at resale when I was making a decision but now that I want to do this for a profit I have not been able to find a property on the MLS that is priced low enough to make sense for a flip.

Alex,  it is really a personal decision.