@David SawyersHi David,You need to have multiple exit strategies planned up and determine what is your plan A vs plan B based on the ROI and market conditions as @Jim Goebel mentioned.As far as financing goes, it depends upon what your plan A exit strategy is.

It’s a V shaped recovery.

. $32,500 - 6122 4th Av - 3/2, 800 sf (foreclosure, reduced)5. $32,500 - 6545 Benedict St - 3/2, 950 sf6. $33,750 - 6432 Millender Dr - 3/3, 1867 sf (foreclosure, reduced)7. $35,000 - 1448 Ames Bl - 4/1, 1638 sf (foreclosure, reduced)8. $37,900 - 6756 Carver Dr - 3/2, 1120 sf (foreclosure, reduced)9. $39,000 - 2037 Tuskegee St - 3/2, 937 sf10. $43,500 - 2032 Luther Dr - 4/2, 1578 (says new on narket!)

It's easy to usually categorize A vs D, but B and C can be toss ups for many. 

While I agree that recessions/depressions/etc. are the best time to invest, and that media misses the mark on that, I also feel like this time around- there were some early predictions about this being a V curve (rather than a U curve) that seemed irresponsible to me given that we've never had a situation like this.

@Chris PennyI would look out in the AV area.  

The experts are expecting a V shape recovery as far as the economy is concerned. 

Our State allows us as landlords to get an "owner occupied exemption" worth $6000-6500 off the AV depending on the County.

oh... that's on Washington av?

.- most people are married and/or have children by age 30 (http://www.huffingtonpost.com/2013/11/22/marriage-... http://www.cdc.gov/nchs/data/databriefs/db19.htm; http://www.cdc.gov/nchs/fastats/births.htm; http://www.infoplease.com/spot/momcensus1.html)- The median American household owes $3,300 of consumer debt (http://www.nerdwallet.com/blog/credit-card-data/av...) - if you do have a professional job you will probably have to purchase a professional wardrobe (in our case we needed new clothes that were appropriate for cold winters)- you will probably have to move to where jobs/graduate programs are (moving costs plus potential increase in the COL; see note on buying winter wardrobe)- increasing rents (http://www.deptofnumbers.com/rent/us/) -record high prices for cars (http://www.usatoday.com/story/money/cars/2013/09/0...) average price is $31k for new car and slightly used cars are only a few thousand dollars less); most households in the US need at least one car and if you were lucky enough to have one in high school it is probably starting to get old and have expensive maintenance issues by the time you are a young professional.