It's like when you in a math class.

There will always be good and bad areas, just do some homework around that property.Continued success!

(this also lets you see the title company fees) If it is high level inquiry to get you in the church, I tend to use 5% for easy math.

Just a testimony that even in today's economy deals are available and getting out there and doing your homework pays off big time!

A good insurance agent would rather educate you than just make the sale.So do your homework and where-ever you are talk with an insurance agent and if he or she cares more about you than just making a commission, then you've found a good insurance agent, If you are in the Houston and need a Good insurance agent you can contact me for life, health, accident, disabilty,cancer insurance and much more.

@Nicole Pettis An investor can go broke in anything if they make poor decisions, don't do their homework, and fail to plan.

In my area you can be 25K off on the same age, style, sq. ft. and school district not knowing the neighborhood yet still be within 3 miles of the subject.Tons of information here on appraisal issues, search "appraisal comps" and you should get plenty of reading.It's not just math.

After shooting them down a few times with numbers and basic math, it's a lot easier now.

If you have done your homework regarding clear title and can pay off the mortgage perhaps a subject to, could work but my experience is that distressed homeowners are often over a year in arrears with taxes , insurance and penalties building and this will add significantly to the cost to pay off the current mortgage.

But you did ask to take the wind out of your sails, so that's why I mentioned someone already tried a similar purchase and it was denied, so make sure you do your homework with the loan officer before you commit to a purchase and it falls apart at the last minute.I truly do believe though that they will not see it as a primary residence if you are only in the ANG for one weekend a month, and the rest of your time is spent going to school .