@Royjamain Etheridge
Hey Royjamain, sounds like you might have an opportunity to get into real estate investing pretty nicely.
However, there are some details you and your girlfriend need to figure out and talk with each other: are you both committed to this decision? Is she onboard with this as much as you are? Will you both be in Title if she’s buying the property or the majority? Will you apply for a loan together? Who will manage the other units? Is that entirely your responsibility or both of yours?
I can tell you a few things from experience that may help: 1st off, everything revolves around the loan, as in, who’s names are on the loan matter a lot since that’s who insurance underwrites for, interest rate, and some other items in the closing process. It’s the simplest to just both of you have name on title and apply for the loan together. Secondly, I’m in a relationship and my girlfriend isn’t as crazy about real estate as I am, meaning it takes more discussion and explanation for her to feel comfortable about decisions and investments. I dont know your situation at all, but it can get sticky if you’re not on the same page.
I wrote more than expected, but let me know if you have any other questions. Best of luck, house hacking on a small multi-unit is the best way to get started.