If you have steady, high income in a coliving house I think that’s potentially more profitable.

Hey @Ricky HernandezGreat question, and it’s awesome to see you thinking ahead about the potential for turning your new-build home into a rental.

This was in a middle class neighborhood and I get why that is less risk however with apartments increasingly including laundry, I would imagine demand lessening in that location. 

In your scenario you'd have a potential tax event on that $200K difference.Here's a creative way to access most of that money tax free however. 

I have a commitment to invest in rental properties, meet professionals  & eventually meet potential business partners!

Dominic,  Thanks for the thoughts on the increased risk of damage to that type of home.

There are a few in my area that I keep an eye on to see how successful they might be and I’m always looking for properties with potential to be something grand.

Nicholas, When vetting a syndication, every investor will do it differently because every investor has a different risk tolerance, comes from a different financial situation and has different financial goals.

Plus, Memphis has been seeing some positive neighborhood revitalization, which could lead to nice appreciation down the road.Of course, all the markets you’re considering—Dallas, Austin, Houston, Columbus, Cincinnati, Nashville, and Las Vegas—have their own unique advantages and potential.

After you purchase your first property, I would use some of your savings to do a BRRRR or a flip and potentially a rental as well.