He'll still be renting - just from you instead of others, and at all the costs to you that you have enumerated.Your son doesn't "need" to buy a house.  

We do all of our own serving in house and we use Mortgage Automators.

Ugh.In all seriousness, I think for $50,000 with a 1200 square foot house in Michigan should be able to modest rehab.

Even though interest rates are high, we have a big Mircron plant coming here as part of the CHIPS act so that could boost housing demand in the coming years.I don't know the SYR market, but I did a quick search for duplexes somewhat outside of the city, and found this: https://www.realtor.com/realestateandhomes-detail/7300-Lakes....

I would like to sell a couple properties in the future, would I be able to use the 1031 strategy to buy one house that I would use as a primary residence?

Because you are forcing equity into the house you are sometimes able to pull back out the entire purchase and rehab process to return to your investor then you own the home with just the mortgage.

Thank you so much for the praise as this hypes me up for my next purchase this year as a 20-year-old using my first brrrr and funds from my house hack HELOC to fund it!!!!

Read some books, preferably those written prior to 2015 when YouTube gurus started telling everyone how easy it is to buy 17 houses a year with no money down.Investing is pretty simple if you just follow the process investors were using since the beginning of time.

Originally posted by Matthew Paul:In my second house I had roommates , I had 2 thermostats , 1 in my bedroom that controlled the HVAC , another in the living room that wasn't hooked to anything just for the roommates to adjust .

Like any city, there is dilapidated housing stock in rough areas that can cost more to upgrade than they are worth.