Zachary, just make sure the deal works for you. Everyone risk tolerance is different. Define what you want and then go find it. There are too many strategies and options to look at everything out there.
I would recommend if you haven’t found something by January, find someone who is renting out a room but be the renters. For example i am living in North Richland Hills have a single family that I am fixing up and plan to get some roommates. I rented a room from a buddy to keep my expenses down before I found this place.
You mentioned that is not an ideal situation. The more uncomfortable you are the harder you will work to fix it. If it isn’t your house you can lower your monthly expenses easily a few hundred bucks a month, and since it isn’t your house you can be flexible to move into your deal as you find it. Just be upfront from the beginning.
Seems like the situation would motivate you to look harder, while lowering your expenses, and depending on how much of an investor the person you are renting from is, maybe you can learn a few things.
Hope that helps.
- Greg