That being said, if you buy a 2-4 family unit and plan to live in one unit, you can take advantage of the 203K.The 203K combines the purchase and repair funds, but you still need to have 3.5% down payment and money for the closing costs.Any time you purchase a property from a motivated seller, you can take advantage of that opportunity to purchase it for less than market value, which is why distressed properties are popular with investors.

The birth of our child has made us think about our life choices and we both feel ready to make an investment for him.  

It seems the popular thing to do is get a DP1 policy that covers any loan and if the house burns down, have it pay off the loan and walk away (at least that's the way my Indiana agent framed it).  

And here I thought the exam was going to Multiple Choice..

If you can't find a buyer, let the seller make that choice later.  

As the owner you will have the right to terminate a tenant of your choice unless your state regulations say otherwise.We use it here to remove tenants with rent below market.

I have never been to New Hampshire but it was one of the original states and has some old houses and some are popular.  

., the very popular Westside, minutes from Buckhead and Midtown, walking distance to some awesome restaurants - in short, I think it'd make a great short-term rental like an Airbnb. 

I very much agree that a newer property would be the wiser choice for out of state.  

Of course real estate investor would be the easiest out of the choices because there is no formal education or licensing requirements and there are numerous ways to invest in real estate.