A $200,000 duplex might have identical rents in municipality “A” and municipality “B” but the property tax rates will vary, local regulations will dictate licensing requirements, labor rates will vary & the particular location will dictate insurance premiums since insurance carriers will weigh local replacement costs and whether the municipality is viewed as being a “plaintiff friendly” in arriving at insurance premiums.Better situated assets will attract better tenants/higher rents & reduced management expenses Tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property.

Also, in these times of Pandemic, some times the only way you can deadbeat resident out is once their lease expires. 

A lot of the time, the HML 2nd secured by the high equity primary residence would end up getting paid off in short order with via a HELOC, so there'd have to be points in it upfront for the HML for it to make sense.

Since I am out of state, the plan is for us to buy it together and he will make it his primary residence to get the lower down payment.

Magnolia's tv network just launched in February, so Waco is only going to become more well known and with that comes tourists, businesses, and eventually new residents. 

The rep also pushed that anyone in the program would be invited to Kris' personal residence in Utah and talk to him in person in a real estate meet up.

Investment Info:Single-family residence buy & hold investment.6 unit PadSplit What made you interested in investing in this type of deal?

I agree with @Jonathan Greene here that the first step is thinking through what to do with the primary residence - you might try this tool that I built a few months ago to analyze whether you should keep or sell the primary residence! 

Here’s the context:I own a rural property with two rental units:A manufactured home from the 1980s in temporary status with the county (meaning it can’t be replaced), which currently rents for $1,350 per month.A one-bedroom permanent residence that rents for $1,300 per month.My monthly mortgage payment is approximately $1,200, and cash flow is crucial to me right now.

When you're on a temporary visa, especially without a clear path to permanent residency, the risk involved can be substantial—both financially and legally.