I’m preparing for my retirement by getting into real estate 

I am a life-long resident of the St.

Totally emotional questions but I tend to feel that paying off a primary residence earlier is better because you never know what the future holds for you and your income. 

You just buy as many as you can and then figure it out, there is no way to prepare, you just deal with it.

Pretty sure it works in reverse also - set up a Michigan LLC for the property above and you'll have to register it in your state of residency. 

The problem we are having this year is that IHA never stopped paying after the last two residents moved out. 

it sounds like you're really eager to deploy a bunch of capital into supposedly cheaper markets, but you're not going to cash flow $500 on a random single family anywhere unless you are self-managing and super hands-on and prepared to deal with rough turnovers.  

Quote from @Jason Ghent: Hi everyone,For the FHA, what about the case where you live in the primary residence but just rent out the remaining rooms?

How long must you wait before being able to rent out a primary residence property from a lending perspective?

Quote from @Jeffery Campbell: Investment Info:Single-family residence fix & flip investment.