I had a lot of friends at that time that were more than happy to rent a room in a house at an affordable rate.

If that was the case, there is no way I could financially afford to go the section 8 housing route. 

@Patrick Thomas DickinsonYou’ll find affordable homes in the Midwest and may be able to get a few small multi family and have a property manager manage them.

The Raleigh triangle area is very hot and prices have rapidly rose, I don’t think rents have caught up there yet.Columbus and Indianapolis on the other hand are more affordable and have a lot of room for rapid growth which is why they’ve been so hot over the past 24 months.

I recommend you reach out to a good Mortgage Broker and get pre-qualified first to see how much you can afford and where to buy.

The market right now is so hot and it seems like I can not afford a house with the current situation, maybe another year.

Trying to find the best rates I can.My logic for asking these questions is to talk to someone who can tell me what I am able to afford: get a pre-approval letter.

How much can I afford?

Lets say you only have $15,000 extra cash to put down toward the down payment in the case it doesn't appraise, now you can afford for the property to appraise as low as $380,000 and still go forward with the deal (you'd need $115,000 total in this scenario to go forward with the deal).

Also, not talking about affordable housing where developers sell tax credits to a syndicator specializing in that but on a normal ground-up commercial property.2.