But if you have the money and your not married to the idea of being a traditional landlord then, buying a property at market price and putting it up on air bnb may be worth looking into.

Do I need a ring since I'd almost be getting married?!

It looks like you paid $370k and the Zillow estimate (not that those are necessarily accurate) is $411k, so after closing costs and fees, it seems you would would be somewhere around $20k-$40k in gains, which would be well below the allowed $250k ($500k for married couples) before you're responsible to pay capital gains after the 2-year mark on Dec 18th (my older set of twins birthday I might add)

I think as people come here to rent, and plant roots, meet somebody, get married, start a family, they'll eventually become homeowners," Galbraith said.The more people brought in by low rent prices, the more potential homeowners, the more potential growth the city will see.

@Elizabeth SeiferthSomeone will inevitable post here about Option #2 benefit of selling and getting $250k (you'd need to be married to get $500k) capital gains tax free.

They are flexible and not married to any one product. 

Some of that is over my head, but thankfully I married a brilliant wife :) really good information and I appreciate it.

The penalty for doing this wrong is 55% so I am glad you are at least thinking about it @Michael WeisAlso, gifts of $15k/yr can apply to you and again to your spouse, if married. 

Lifers - one guy has been in the building for 19yrs, another has been there for over 7; those moving up and on - transition to different city, get married/have kids etc, or the ones that fall off the tracks, lose their jobs get evicted types.   

Secondly, I am currently married and living with my husband but I am willing to live in the investment property for the required FHA time frame?