Sometimes we see large amount of equity in a primary residence that can be borrowed against, even in 2nd position if it has a great rate that you don't want to lose.  

Its purpose is to bring together possible residents with possible landlords, so that these parties can begin a negotiation.

By being physically present, you can gain valuable insights into the property's operations, interact with residents, and assess the team's performance.

My buddy learned this the hard way when his mid-term tenant got reassigned with just a week’s notice..

Investment Info:Single-family residence fix & flip investment.

That kind of shoot-from-the-hip approach can be fun for a minute, but it usually ends up like my old buddy Rick’s first deal.. he bought a distressed fourplex in Tucson years back without a real plan, and while he eventually turned it into a solid monthly cash flow, he spent the first six months sleeping with one eye on the tenant ledger, praying the HVAC wouldn’t bail on him after a hot desert day.

If the local market is healthy and rental income will be adequately managed by a property manager, then a long term residence could be used to build equity.

Cat odor is far more problematic than a small dog, but I would check landlord references to confirm how they've maintained their last residence.

Make sure you have filed for Homestead exemption at the very least (this can only be done if you the home is your primary residence, not an investment home).

Some insurance companies offer policies specifically designed for owner-occupied multifamily properties, so it’s worth asking about that option.The key is ensuring both your personal residence and the rental unit are adequately covered.