Your Next Five Moves: Master the Art of Business Strategy - Patrick Bet-DavidBrand new but very powerful book!

Your purchasing power increase few hundred thousands for that payment towards the mortgage instead.If you do decide to invest back in CA - there are places in central valley, further east in east bay (Patterson, Stockton, parts of Tracy) etc. that you can consider.

As a note for everyone, in MN with moratorium you do NOT have to sign or agree to make a lease month-2-month terms during moratorium, the moratorium itself automatically gives all expired lease's month-2month BUT with the power that when it ends so does the lease.

.#3....Get a realtor and go shopping.Texas is a giant place....for example Dallas to El Paso is 1/2 way to LA.....so 1/2 the trip is within Texas...so you'll probably want to buy in a combination of close to where you will work, then in the price range that fits your income or borrowing power.

@Po Chan  You might also see if you can close via a limited power of attorney, which gives someone else the right to close for her. 

I've been living in an overpriced area like Portland for too long where my analysis only turns up about 3-400 dollars profit on average, and even that can be hard to find, but using the rental property calculator on here and the rent-o-meter tool I am finding homes in Michigan that can potentially return 800-1000 plus.

These tools allow you to find the right data including age and mailing address, then stack the properties in lists to know the ones with the most distress. 3.

Residential conforming loans require the 1 yr occupation unless you get an "investment" conventional loan.Other than mortgage fraud issues, if you just "wake up" one morning before the 1yr is up, I don't think the 'power thats be" will know in it of itself. 

How close is the power, water, and cable TV to the lot?

It's been an excellent tool for us, so we always recommend this loan to anyone who qualifies!