That is saying your tenants will stay an average of 25 months. 4/100=1/25.

If you're into rehab work, you'll be able to broaden your scope on a lot of properties.Other areas that I have heard were interesting is San Antonio, Kansas City, Phoenix, Dallas, and Little Rock.You'll want to look at job growth, appreciation, cash flow, average DOM, would be some indicators to look for.It's going to be difficult in a competitive market to buy on a loan because you'll be against a lot of cash offers.

The average rent is around $1300 for the area.

Ignore their averages. 

I live around there.Spruce Pine has all your average stuff available - Ingles grocery store, a bunch of fast food and small independent restaurants, a Walmart. 

Question 5) As some might question the conventional method, please be mindful I'm in college, and much younger than an average investor.

If you took the extra money and dumped it into an index fund, you could reasonably expect an average return of 7-9% over the next 15 years.

What’s the process and average cost?

The trending average on the MLS is about 1.3% in most of Hartford county.

Everyday average homes fell from $250-300k down to $100k, not $150k to $50k.