I'm not looking to make a living from it in the first 10 years or use it elsewhere.

That's the beauty of living in a free country where you can run your business how you see fit.

Also, any experience with extended warranties, if they are worth it (Home Depot wanted $290 for 5 years), and if they are honored at rentals?

Here's scenario:In my early 50's married with 2 kids, good income, live in San Diego, CA.

First-time homeowners can start creating wealth through real estate while lowering their living expenses by using a clever tactic known as "house hacking."

I live in Jackson, MS, but I am open to travel and invest wherever.

If one had enough income to cover all their debt payments outside of rental income then reserves would not be as necessary as someone who relies on rental income to live on.

You can get top dollar likely, but it still needs to be reasonable and comparable. if it’s a declining town with not many attractions or amenities, then it’s likely there’s no rentals available because nobody wants to live there. mot sounds like you may be describing more situation #1, in which case it’s a ripe opportunity if you can get a deal on a property

I live in the Grand Rapids area as well.

I live in Nashville TN but am looking to invest in Dyersburg Tn, as of which the housing market is significantly lower due to a much lower cost of living.