For my part, my business partner and I provide affordable section 8 housing to families on the south side.When I think about bad things we have done, this is the only incident that comes to mind.We checked out a property to purchase.

-Can I afford the rent on both properties?

What a great alternative for affordable housing .

It’s going to see growth and included in that is “affordable housing”.

It might be tough in your environment just because rents are so high, so maybe look in a community just outside of where you currently are to try to find something a little more affordable.

I’m consistence and diligent, spending 30 minutes looking for deals on MLS that I can afford to pay cash.

I am worried that after the offer gets accepted, the appraisal value might come in significantly lower than the contract price.I understand that discrepancies happen, and I’m not concerned about a small gap (10-20k), however, if the appraised value would come in significantly lower (50-100k, or more), then I would simply not be able to afford this property (given my then lower down payment, and worse mortgage interest rates).I am wondering if anyone has any experience with what happens in such cases?

While I have properties in Colorado Springs, I am also looking at Pueblo as the cost for property there is lower and many who could no longer afford prices in the Springs have moved south to Pueblo.

I'm flexible on most parameters (exact area, number of units, amenities, rehab vs turnkey), because affordability will be the main factor.

Can you afford that?