We live in Texas, a community property state, and are 50/50 owners.

We live in Kihei now since the Lahaina fire destroyed our home, office and an investment condo.

It has ample basement living space, that the tenant uses as a third bedroom.

Ive owned a 3 family in Fitchburg MA for 4 years that has done exceptionally well with it, living for free in one unit for a while and constantly upgrading the property over the years.

**For context I house hacked for about a year after she passed away but couldn't live in that house anymore and sold it.

I am new in BP, and I am looking to understand where I start with learning about REI.I currently live in New York which it's not a good place to start investing.i know the difference between STR,MTR,LTR....

I have owned 3 homes in the past that I lived in.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

You probably don't want to live next door to tenants; ideally, they would just think you're also renters. 

I am an out of state Investor and I know a lot of you live and invest in St.