My wife and I can not maintain two separate house holds and so she and he brother decided to let the house go into foreclosure.

people and brokers do not understand that Zillow is an advertising company NOT a real estate company . they corner the advertisement market by buying all there competition :                                  Trulia , Streeteasy , Hot pads , Naked apartments all owned by Zillow  it is worthless .

I'm another transplanted Pittsburgher here in RDU - great market to get your feet wet (albeit a bit hot at the moment)

Surprisingly, most of my best deals are clean and fix, then sell fast below market, especially in this hot market.

Are you in a market that was already"hot" and desirable?

And keep the $5k for the 0% APR debt in reserve (or pay for it close to maturity) and only use it for a smoking hot deal.

But truthfully in a hot market rents don't align with price.

@Jessica Harriet, the Portland, ME real estate market is very hot right now and a rent stabilization effort is on the ballot in November.

I've recently been divorced, and even though I have my kids 5 out of 14 days, my maintenance and child support are going to be through the roof since I was the major breadwinner in our household and have 4 kids.

Doing so can provide you a small advantage that can help you get a deal in a hot mkt.I researched mkt rents by talking to multiple property mgrs, area locals and skimming sites like Zillow and Trulia.