Quote from @Kyle Barnhart: I live near Phoenix and looking to invest locally.

Quote from @Brandon Croucier: A DSCR Loan requires the property to be in LIVABLE CONDITION.Does it mean YOU would live in it?

One caveat to this strategy is that you can’t live in a property that your IRA owns, nor can you rent it out to anyone else who may be considered a disqualified person like your spouse or child.Feel free to connect with me and send me a direct message if you want to learn more!

The company I currently use for my other investment homes said they don't offer management for any co living... unless everyone in the home is on one lease.

I live in SoCal so if I wanted strong cash flow I would likely have to look out of state.

Where are you living at this point?

Hey John,I own 12 units in Detroit but currently live in California.

I guess I could do some work-arounds -- maybe reserve one unit in the first purchase for use as an AirBnb, and reserve my own time in it when needed - instead of claiming it as a primary.Are either of you (or anyone) familiar with a finance product/loan that will allow me to purchase under $150,000 (w/ strong credit) and do much of my own work and live-in a portion as a primary residence?  

City recently did a building inspection and we noticed the tenant is smoking in the unit (cigarettes and marijuana), food waste everywhere leading to building pest issues, and there are 5 people living there now (3 adults and 2 kids).

I live in Fl. where insurance is pretty costly but I am also investing in states where insurance seems less expensive.