Rents are very high and you don't want bad tenants that can live rent free in your apt for months.

Hello all, and thanks for stopping by.I have been fortunate enough to get a ARV spreadsheet created by Liver Larson right here on BP and being that I'm an analyst it looks to be pretty squared away.

Here's the question: Would it be wise to buy one of the latter so that we can live rent-free (or darn close)?

The goal would be to live rent free while someone else pays it down.Good Luck!

This will cost money up front to set up (how much I can't say) but it might save you money in the long haul, since your goal is to live rent free. 

Four years ago I was a Springfield transplant living in AZ (still do), but now my wife and I are on track to purchasing our first four-plex in Springfield this year, because of Bigger Pockets. 

Hey I’m Eric, me and my family just moved to brookville from the Philadelphia area. Back home we flipped and did some wholesaling. I have 15 years of renovation experience, 5 years running my own business and team.
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Because where I live renting is the same as a mortgage.

Because our LLC has commercial, non-federally backed loans, my property manager advised one of our tenants that while we were happy to work with them during these trying times, we also still had the ability to evict them if they chose to ignore us and simply assume they could live rent free. 

The total he needs each month from me is 1800, I have 2 rooms rented out for 600 each, so once I get the 3rd person, I'll be able to live rent free and he's fine with that.That is what got me into thinking about becoming a landlord rather than wholesaling, I do understand I'll need to keep my job, but I've obviously never bought a house before and thought it would be a great idea to keep my currrent situation going.