Not fair to answer ,as their are both good and bad areas in every single market in the USA.

So you would want to check your state laws.Also remember that in housing you have to follow not only the Americans with Disabilities Act (ADA) but also the Fair Housing Act (FHA).  

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Home is in a small mountain town, fairly close to a major ski destination. 3bd/2ba, 1400 sq. ft.

And I say ASAP because an appropriate rental for me to move into just became available.Here are my assumptions: The condo will be fairly easy to rent The rental income will only cover 75% of my monthly expenses on the condo (mortgage, taxes, HOA fees) but I'm stuck paying those regardless.The rent payment for my new place, and the rent I collect, will be the same on a monthly basis (break-even)Repair/maintenance costs will be the same whether I live in the condo or rent it out (break-even)I will incur new costs for professional management and potential vacancyThe condo is in a good location and I won’t be underwater in five yearsMy front-end DTI is 28% and I have excellent credit with no other debtHere are my questions:From what I’ve read, there is some variation in what lenders require to use rental income to qualify for the next mortgage.  

Is it having a significant impact by inflating prices, or is it fairly minimal?

Although I am fairly new, this is not a case of the blind leading the blind. 

Pretty much any property at that price is going to require a fair amount of rehab, but you should still be able to make good money.

Not a fair comparison.

Hello everyone, I am fairly new to BP and currently looking to purchase my first buy and hold property.