You will be living in someone else's house.

I went owner occupied either conventional or FHA.  3-5% down at the time you only had to live there 1 year and then you can move out or move on. 

@Ken M. we live in one, it has an attached unit, but with a door that passes through from both units.

I lived in Gelnhausen for almost seven years, but it was a lifetime ago.We’re thrilled you've joined us.

I currently live in WA state and invest out of state for buy and holds.

I would probably work with an attorney in North Carolina (or wherever you live) to do some estate planning since you do have young kids.

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

I have a client that lives in Hawaii but owns a property in DC area.

If you're going to start in a market you're eventually going to live in, I think that's a stronger case for that market."

In my experience, a large percentage of them are fully functional adults that refuse to take personal responsibility for their lives, which is why they are receiving free rent from taxpayers instead of working for a living.