Especially in today's high interest rate environment, a low income buyer is usually going to be better off renting than buying.

For a long term investor:Would it make sense if you could buy the home at a steep discount and then let the owner stay rent free for a specific period of time?

You should do all the same level of due diligence you otherwise would to buy the property. 

Quote from @Jerry Huerta: Quote from @Jerell Edmonds: One of my goals for this year is to buy a property OOS and another one in my backyard.

I love the Myrtle Beach area.Condos are a dime a dozen so there is stiff competition which pushes prices down.HOAs have their own problems which I always avoid.I would try and buy a beachfront house or 1st row house 

Quote from @Virginia Frost: Investment Info:Small multi-family (2-4 units) buy & hold investment.

We're based in Calgary, where there’s a lot of pre-construction happening, and we’re aiming to buy a pre-con property as our primary residence.As a first-time homebuyer, I’m weighing two options: 1.

When I buy an occupied property, I introduce myself to the tenants on the day of closing; then, I inspect every unit within one week.

You can also use some low-down payment mortgage products to continue buying in your back yard while house hacking and renting to others. 

While we currently live in Stephens City, VA, we’re open to investing in other states where the numbers make sense.Real Estate Goals & StrategyInvestment Focus: Buy-and-hold rentals, short-term rentals, and potential multifamily propertiesMarkets of Interest: Open to investing outside of Virginia in cash-flowing, landlord-friendly marketsCurrent Stage: Learning, networking, and preparing for our first investment propertyLong-Term Vision: Build a diversified rental portfolio that provides financial freedom and generational wealthWhy I’m HereNetworking: Connecting with experienced investors, agents, lenders, and property managersLearning: Gaining insights from those who’ve built successful portfoliosCollaborating: Open to partnerships, joint ventures, and creative financing strategiesWith my sales background, I understand the importance of negotiation, deal-making, and relationship-building—all of which I plan to leverage in real estate.