I buy and hold and do short term rentals and mid term rentals.Located in Racine Wisconsin  Hello Gabriel: I also live in Racine County there are some great deals our way and including southern milwaukee county too!   

I live in Nashville, TN.

I live in CA and drove that route for years to visit family in Phoenix, AZ. 

Live in one side and renovate that side, then after the lease for the other unit is up move into that one and renovate it.

Sometimes tenants bite, sometimes they don’t, but it’s worth a shot.Owner Move-In: If you’re planning to live in one of the units, you might be able to legally take it back.

Hi Anthony, it sounds like you’re in a good position to start building your STR portfolio, especially with no debt, great credit, and rent-free living!

Now you see how expensive dining and living rooms are that could be converted. 

I have multiple listings across different parts of Florida and I don't even live in FL.

FHA 203k wont work unless youre going to live in the property as your primary.

If you go into Central or South Scottsdale (Old Town) $1M will buy you a smaller, older home, OR half of a big, remodeled home (as alot of the Arcadia and Old Town area are turning over old small homes to be big beautiful homes in the $2.5M range and higher).There are options.....for both buying and renting, that would work with your situation.By the way....it's 51 degrees in North Scottsdale right now where I live.