As long as you make all payments on time, your score will not be negatively impacted from multiple mortgages.

Do not jeopardize your Homestead by renting your property.Before buying real estate property, be aware that non-ad valorem assessments may have a significant impact on your property tax bill.

Is it near areas that strongly restrict short-term rentals that may impact the jurisdiction that you were planning to be in?

Unemployment is at 60 year low, this is best time to increase interest rate, but that will impact economy and current government like market stay inflated.In Every recession Fed reduce 4-5% interest rate, we are not at even 4% now... not sure what will happen in next recession.Major dilemma is to invest or not... best bet is invest where there is highest in migration, those area will be safe over longer period.

Look for groups that have been through adverse cycles before and lived to tell about it. 

I found the written books just didn't have the same impact for me.

The reason I ask is that with Phoenix being a MUCH larger metro area, you'll have a much higher demand for rent, easier resale, more properties to choose from, etc.When investing in "small towns" sometimes you can get a little better return on the purchase, but depending on the local job market, demand for housing, etc. it can greatly impact your strategy. 

Account Closed Thanks for your frank input, could you provide more info on how this impacted you negatively on the Seattle deal?

I want to live comfortably and know that my standard of living is not necessarily correlated with my job.I want to start a charity, and make a positive impact on those I know and those around me.

No real impact on Buyer1 other than where they send their checks.