You must be able to understand how to work with the numbers to define sensitivity to de-risk a deal before you tackle one.Feel free to contact me if you have any specific questions or concerns.Feel free to contact me if you have any specific questions.

thanks for the insight @Kyle Mccaw, I was looking at a 203k option given it provides the ability to roll the rehab cost into the total, I guess the downfall is the FHA aspect of it requiring me to live on site for atleast the 1 year for example.

Define your goals and then go for it!

It's so easy to get locked in the mindset of "lowest possible interest rate"... but I also have to remind myself that interest rates *may* be creeping up, but they are still phenomenal comparatively speaking.I hadn't even considered the refinance aspect either, @Mark Creason.

This extends to other aspects of their management as well, if you have areas of specific concern.

Not a scam or pyramid scheme in the way you are thinking, but probably not the best use of disposable income for the frugal investor looking to optimize their ROI.Some probably need the forced savings aspect. 

One of the challenges you'll face as well is the car aspect - going to view the property or running in to any maintenance issues so would ideally need a 1) a real estate agent who works primarily in these areas who knows what you are looking for and can do viewings for you and 2) property management company or a good reliable relationship with a handyman.

@Spencer Smith, you can also pay points and use interest-only aspects so that the cash flow is where you need it to be.  

My concern is just the mgmt aspect.

I think the traveling nurse market is generally considered medium-term (which I would define as > 30 days but < 1 year.