2) We have reasoned in past discussions that there is not necessarily a true 'shortage' of housing....it is often more of a situation where people cannot live exactly where they want to. 3) Of course everyone wants to live close to work, close to downtown, etc....but not everyone gets to have that luxury. 

I live in Fairfax with my family as well. 

They’ll be paying 40% of market rent, you’ll be paying them $3,100/mo to “be good tenants” and you’ll be out $261,000 in rent. 4) think about the “lovely good tenant family” that you are denying a place to live for $1,600/mo (20% under market) because you want this other family to live there instead.5) Try this exercise.

I'm looking in the East English area, since I use to live in the area.

I’m from NC but have been living in the DMV now 3 years.

I moved from NorCal to live and invest in Reno, NV because I still wanted to be close to the Bay Area but wanted to have much more favorable landlord/tenant laws, low property taxes (that don't reassess on the sale), consistent diversified job growth, and land constraints for higher appreciation. 

Purchase price: $405,000 Cash invested: $180,000 This was sold as a 160 acre ranch, BUT it did have an OLD ranch house that was in too poor of shape to live in.

I own a media business specializing in video for social media and live events.

I live in Northwest Arkansas.

The reason being because of the 25-30% LTV you’ll have to live with on the refinance.