Assuming the area checks out, I’d rather buy in a high price area that has little to no cash flow rather than an area that has cash flow but lower price.  

So, would something like this fit your buy box? 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Our lot is fenced in and we cannot see where he lives but close enough to be of concern, but we want to stay in the same town until the kids are finished school.So, my question is this, would it make sense to rent our home (roughly $2300-2500/mo. as per real-estate agent claims), with the stipulation that the garage is used for my business AND buy a home nearby?

Investment Info:Single-family residence buy & hold investment.

Hey @Sidney Duquette so I am not a fan of buying properties that can't perform with the hopes that it will build equity to offset the losses.

You are generally going to either buy it at 95% of value or what is owed, which ever is lower. 

Investment Info:Condo buy & hold investment.

There's a few opportunities to buy quads, tris, and duplexes.

Certain cap items is fixed or pretty close to fixed whether you are buying a $60K house vs. a $500K house in the same market.