So I have been finishing up this excellent book on behavioural economics called 'Predictably Irrational' and I highly recommend it if you haven't read it yet as I believe it to have excellent application to investors!

I would caution you to think twice about following the precise advice of most of his 'experts'.

Both cities are economically stable and growing and I think, in many areas of those cities, your tenant pool is going to be better than compared to Indianapolis, Philly, Detroit, etc...  

If you have any questions consult an expert. 

Some of our town's best restaurants were established by individuals who were passionate, culinary experts with good business savvy.

If you're concerned about weathering any economic downturns, keep some reserves for a rainy day.... or rainy year. 

So I'm by no means an expert in these types of transactions, but will attempt to clear things up a little.

Since I know the BP family is always ready to jump in and make great recommendations and suggestions I figured to quit stressing about my next property and turn to the experts and people who have the answers I'm looking for.

@Clay Manship @Jonathan Bailey I'm not an expert on FHA vs. conventional loans, but when I purchased my residence in October I was able to get a conventional loan and only put 5% down.

It is in a C neighborhood/ blue collar in Indianapolis.Maybe a creative finance guru such as @Aaron Mazzrillo would be willing to lend his expert opinion?