Buying an investment prop & continuing to live in an apartment.

[Holly Thomas]

Since January, I have looked at multi family homes in my area online.  I had planned to live in the other unit.  Last week, a realtor and I went looking at some multi family homes.  I live outside of Philadelphia and many of these places are on major busy roads, some are on a highway.  To be honest, some are total dumps for $250,000 and below.    

In the almost ten months I have been looking, there was only one property that I would have wanted to live in and it sold in five minutes.  It was a great deal in a nice location.  All of the properties that I would even consider living in are in the $300,000 on up range and the numbers don't work.    

After really thinking about it and realizing, this may not be for me (to live in a duplex that isn't in the nicest location, or is on a major street/road/highway) my realtor and I discussed me just living in my apartment and buying an investment property/multi family regardless.  It would just pay my rent.  

Has anyone done anything like this?  Lived in an apartment and bought an investment property?  I always had it in my head to own for me, but I think that may just have to wait.  I am an artist and I have good taste.  I don't want to live in a less than desirable area as a single female.