Investment Info:Single-family residence fix & flip investment.

I happen to know that Preston Despenas, one of the partners of Growth Equity Group, is still doing real estate in Texas.

@Bobby Short Depending on the equity you have on your primary residence you might be able to find a lender to finance the property in CR with your primary residence as collateral.

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.  

., the appraisal for 5+ is at least $2k-$3k) and the financing structure by lenders because Fannie/Freddie don't generally buy loans for commercial properties.So, for you personally, the biggest driver for the type of your next property is probably going to be the amount of a down payment/equity you can put in the property.

This reduces your housing payment and helps you build equity. 

@Nicholas A.House Hacking a primary residence is the best way to generate wealth. 

For instance, you could look into refinancing the property to access some of its equity while still maintaining ownership and cash flow.

Is that amount worth risking at this time potentially having to pay from your primary residence?

The behavior is a bit off, but not surprising for a mom & pop landlord.We tell our residents exactly what we need from them for the application.