Fourth, we wouldn’t need to take on debt to make the purchase and we’re comfortable with the costs and management of the place given our history with it.If we buy out the relatives, we would likely pay around $295,000, which we have available now.

What are your comfortable price points?

To make a wise decision, examine your comfort level, goals, local market circumstances, and property management.Good luck!

You want residents to feel comfortable soon as your manager says "hi" to them on the phone and in person.2.

It’s going to be a major step out my comfort zone, considering I don’t know anybody there, but I’m certain I can make it happen.  

This would be a hospice home designed to provide more comfortable living in last few days/weeks of life. 

Make sure there's no rent control and try to cover your a$$ before you buy so you're comfortable and cut out risks.

They can save time, reduce waste, and ensure that guests always have a comfortable stay with all necessary supplies available.

Marking up repairs & maintenance, farming out customer service to people that can barely speak English, charge a lot of junk fees, etc.I'm just not comfortable doing any of that.  

Regarding your options, both have their unique benefits, and your decision might come down to your personal goals and comfort with managing properties.Continuing to House Hack: Staying in your current home and purchasing another single family or duplex to rent out can be a great way to expand your portfolio while maintaining the comfortable cash flow you’re accustomed to.