Thank you everyone! 

Everyone will tell you it’s great to get started early, or you can just move after a year, but in the current environment in our region the rent your property will generate after you move out will likely be less than your mortgage, if you are tied to the area and feel confident you want to stay in whatever property you buy for 3-5 years go for it, if you want flexibility rent and throw that money into and index fund. 

Quote from @Alec Dressler: Hello Everyone!

Thanks for everyone's input.

Hello everyone!

It's a balance of cashflow and wealth accumulation.One of the goals is to have tenants pay as much of your cost-of-ownership as possible (loans, taxes, insurance, etc.)In high-cost areas, any Class A or B property you buy will usually negative cashflow for the first 3-5 years, until rents rise enough to cover the negative cashflow + rising taxes & insurance.Investing OOS increases your risks because you may not know the market and you can't check on everything/everyone all the time.If you move forward with your buddies, HIGHLY recommend creating a solid Partnership Agreement!

And, again, eventually a strong business model/niche will show its numbers and then everyone will be doing it.

Hi everyone, I’m a Canadian that relocated to Texas and currently own two properties outright (no mortgages or loans).

Hi everyone!

Less licensees paying into the pot means everyone's costs go up.