I am a resident physician in dermatology, during  medical school I bought a property in Denver with an Interest rate of 2.75% (COVID rates lol) with the goals of renting it out when I moved onto the residency.

@Chris Mahoo Even without qualifying for Real Estate Professional Status (REPS), long-term rentals offer key benefits like depreciation deductions over 27.5 years, deductible expenses (e.g., mortgage interest, repairs), and up to $25,000 in passive loss deductions if your MAGI is under $150K.

But I found out my neighbor who moved out to help her father, is planing to rent her place next door to me.

One piece of advice I took from Brandon Turner is do one thing each day to move the needle forward. 

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. 

You'll have to keep me posted on your next move! 

We had a unit that was ready for open house this mid November that took 4 open houses to get a tenant moving in Christmas day (i know strange move in day, chose by the tenant).  

I didn’t see what state you moved to?

I started at the bottom and moved my way up.

Hi Becca,PM charges 8% and I tried protesting taxes, didn't work.As far as renting rooms,that is something I'd consider if the current tenants move out.They've been reliable for many years and I wouldn't feel good about asking them to leave.