@CraigIf you have two offers with that high of down payment already you must be living right!

Plus, if you’re also thinking about a lifestyle element, who doesn’t love living near the beach?

Fannie Mae has a requirement that if you want to use the rental income from the non occupied units, that you MUST have a current housing expense which means you cannot live rent free.

I also run a mastermind on residential assisted living.

Some of the folks that I've received inquiries from are VERY far from meeting criteria - income, credit score or both.And @Matthew Becker, I lived in Moscow in the early 90s - went to UofI for undergrad! 

There are some exceptions, but the HOA dues normally kill your returns and there are all kinds of other issues having tenants living close together. 

So I'm always able to offer a lower rate and make a decent living without charging points.

I called and emailed Nomad daily and could not reach a live person, even in an emergency.

And the tenants still lived there, they had just been putting old mattresses, broken furniture, and crud there for years.

I am living at home still, so I don't have any expenses, but what should be the next step I should take?