It was pretty hard to find properties where the numbers and landlord laws made sense which is what ultimately led me to investing in Columbus, OH.

Joint tenancy means equal ownership, and if one owner passes away, their share automatically goes to the surviving owner(s), giving sole ownership.

You really need to know what you are doing to survive in a market like that.  

This will ultimately leave you with more to invest into real estate in the long run. - Gives you the "hands on" taste of investing, on your doorstep, and you will be able build up sweat equity in the property to lock in higher rents and appreciation for your property. - You can then potentially leverage the equity in that house hack to invest in more real estate. - Tax benefits on the income side of the property (Consult with your CPA) It all really depends on your risk appetite, I've heard there are good opportunities to make quick cash in AirBnb rental arbitrage, but personally the risk is a little high for me.

Ultimately, I don't think it matters much. 

@robert deforge I understand your situation, if I were to be in that same position honestly I would keep working for more capital, something like wholesaling houses or even flipping them with the 40k and getting a lender involved or even a mortgage company and creating a bit more capital, ultimately to get into multi-family apartment buildings... all you need is about 25% of your total pp. for a 1 million dollar property your looking at about 250k to purchase and a bit of commercial knowledge you can do very well, you can also get a lender and make him a partner in the deal as well to lower the capital needed upfront all with just a solid deal for the lender... start networking!

It’s important to figure out your goals and objectives, and then that will ultimately give you a few areas that you can narrow it down to.

If both buyer and seller have prepared for this contingency, then the ultimate outcome shouldn’t be much of a problem.

I was renting every room in the house and at one point split half of my room with a curtain and rented out the other half to my 68 year old co-worker (I ultimately do not recommend this...)But, the more uncomfortable you're willing to be, the more "doable" it will likely be.

Broadly speaking, no house will survive from a direct hit from a tornado.