However, those who can weather the storm stand to benefit from potentially lower interest rates and growing demand for rental units.Despite the challenges, there are opportunities for buyers with sufficient resources to capitalize on the market's current conditions.

My brother-in-law has been financially successful in real estate, but to avoid family issues, my wife and I have resolved to be self-sufficient.

Ours is a 2800 4 br sleeps 12, very nice home in a pool community, deeded beach, and beach shuttle.  

They are almost always not as comfortable, and nobody looks forward to sleeping on one. 

It is very hard to do an FHA 3 & 4 unit currently because it has to pass the self sufficiency test and with where rates are at it is unlikely to pass.

People sleep on the West End of the city. 

Exactly what @John Underwood and @Collin H. said.A place that will sleep 10 will also sleep 8.

Also, with a Traditional IRA you have to make dang sure you have sufficient liquidity to take your RMDs!

Almost no one likes to sleep on a day bed - they just aren't very comfortable - so all you end up gaining is extra, unused floor space.

Are the rents in the area where you want to buy sufficient enough to offset your costs of living on one side?