And while there are plenty of skeezy homeowners, I know I will pay the bill, unless you go way off budget and we didn't talk about it ahead of time.

I love how you’re already thinking ahead about the resale.

Just a heads up that Dave Meyer and Henry Washington answered this question during the podcast episode we published yesterday (Ep. 1,057).

You'll need 20% down plus reserves for other costs as well as repairs and vacancies. 

What leads to the highest repair cost? 

They are going to start discussing the “way ahead” on the Rancho land purchase and development.

Subtract more for AirBnB charges, local management, repairs, cleaning, etc and there is not a lot left to pay the mortgage. 

For me personally I am not handy when it comes to repairs and such.

He's essentially lost $150K.Run the numbers if he was renting it for 5 years (minus mortgage, property taxes, repairs, etc). 

My advice is dont put so much down and instead buy a Primary and an investment rental all in one step.May sound crazy moving into a new state and also buying a rental but your already way a head of most investors.