You are doing the right thing, and hopefully in time the home will appreciate back to where you bought it years down the road, making this payment just a large principal pay down mid-loan.

Never purchase mid semester.Do not rent to groups of friends , it's a recipe for wild party's and inevitable disasters.Hire a cleaning service to keep an eye on things and provide regular maintenance.Collect rent with some sort of online payment portalBefore buying test the demand for housing and pricing by posting an add on craigslist.  

Mid-low income Tenants are very monthly payment sensitive and anything extra packed in will immediately be considered burdensome to them .

I stumbled upon an article that had referenced this site so I figured I'd give it a try.I look forward to learning about real estate and have planned to take my first real estate class mid April.

I prefer mid to high end rentals.

If accepted it will close mid-July.

I bought it in mid Feb and have a tenant moving in on Tuesday, April 1 for $1,095.

I think the value play is now a long shot.I know many people make money on the lower end of the mid range, but I do not take known neighborhood risks, personal preference.Warren Buffett's rule #1 to wealth building is never lose money.

Right now I have a realtor in a small mid west town buying every wholesale deal that comes on the market we are paying 7 to 15k per home... then in FLA my deals are 50 to 60k wholesale I just did a few in the Carolinas were they were 200k ish...

TK company4 marketer5 super marketerEach and every level increases the purchase price..Its the same with the very deep conversations regarding GURU training.Everyone on this site *****'s profusely about paying gurus for training but there is little mention of those that sell houses for far over true local value.And that is a mid west and east coast SOP...