Investment Info:

Condo buy & hold investment.

Purchase price: $125,000

Cash invested: $45,000

Sale price: $125,000

Fresh out of university, my buddy and I bought a condo in Pensacola, FL in 2...

I originally set it up to bill at the first of the month because of convenience and I was self managing my first facility.

I don’t think it would be a gamble per say.

Unfortunately I'm not very familiar with the local areas but I'd be looking for a livable area for myself that's convenient but also not in a very pricey neighborhood

I am personally excited at the idea of living in the location because of the convenience of how close everything is.Duplex - $550,000 - mortgage would be $3,030 FHABuilt- 2001One side 2/2 1k sq ft, other side 3/2 1400sqft2/2 side has had tenant since it was built in 2001.

I’ve actually had tenants sign up for lemonade rental insurance since it was so easy/convenient for them to sign up. 

If that is, say, 40% for his combined state and federal rate, he will end up earning a whopping 3.5% x (1-0.4) = 2.1%.Are you seriously asking someone to gamble his home and accept 100% of the risk, for a 2.1% return on a loan to someone who has no real estate experience?

It's like gambling your paid off house away on a penny stock and losing it all.

So for him, electronic payment via Zelle is most convenient and cost effective.To complete the story, my wife recently bought Apple watches for herself and me, and it receives programmed notifications via the iPhone to the Apple watch, and I felt a vibration midnight while dozing off in bed, when the notification of the Zelle payment came in.

When their lease runs out you can gamble with someone else I guess.