Investment Info:Large multi-family (5+ units) buy & hold investment.

I originally wanted to buy into a vacation rental market but this last year has been crazy and we seemed to have been priced out.  

Then bought my own deal the following year 37.7k sq ft warehouse on 4 acres in Plano.Been buying industrial for last 6 years.I think your plan is right, I'm a big proponent of joint venturing on commercial deals.

so: buy a house. 

I have helped a lot of first time investors learn the process and successfully buy their first investment property. 

For a number of years I've formed transactional partnerships (form an LLC with single or multiple members to buy a building, build condos, townhomes etc).

Assuming the area checks out, I’d rather buy in a high price area that has little to no cash flow rather than an area that has cash flow but lower price.  

One of my CFO clients just did this last year and got cashed out over $1M, which he's using to buy more properties.

Our lot is fenced in and we cannot see where he lives but close enough to be of concern, but we want to stay in the same town until the kids are finished school.So, my question is this, would it make sense to rent our home (roughly $2300-2500/mo. as per real-estate agent claims), with the stipulation that the garage is used for my business AND buy a home nearby?

---You can try to increase your chances of cashflow by buying a beatup property and BRRRing it.2) Buy Class C cautiously.