My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates). 

And starting to get some money is better than no money right ? 

I only buy if I can have equity right from the start.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

Connect now and start learning!

Adjustable-Rate MortgagesAdjustable-rate mortgages (ARMs) typically start with a lower mortgage rate than a traditional 30-year fixed mortgage.

We quit real estate investing and it took me 23 years to start again.

Also, I'm not sure how you're paying attention to it on the tax side, but the unit that you are living in's profit at sale is calculated differently than the other unit that you're renting out.Once you move out, that unit is officially available for rent so from that point forward, any profit gained at future sale will be calculated starting from that point and will be taxable.

It’s been a learning experience, and I think this is the push I needed to start looking at properties that the value comes from the NOI.

I'll be happy to refer your partner whenever there's a client ready to start a project.