I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

@Jarrod OchsenbeinIt's great to hear that you are succeeding with the co-living model.

The loan is with you, not with your tenant, so none of that means anything to them - in fact because you live in one unit and it's under 4, if you were self-managing you don't even have to abide by fair housing laws (at least on the federal level). 

I am putting in a link to something that may be help, a cost of living comparison calculator (https://www.bankrate.com/real-estate/cost-of-living-calculat...). 

I live in New Jersey area.

.- The townhouse you're moving into is currently a rental, but you plan to live there two years for the 121 exclusion.

Excellent opportunity to live in one unit and have other 2 cover expenses! 

I used to live in Louisville KY and now I am in Tampa Florida. 

I'm hoping to do an FHA 203(k) within the first half of this year and eventually rent it out after living in it for about 2 years.

Hey @Spencer Cuello, so you will find most of us aren't fans of arbitrage.I see you listed NYC so you know that you can't do a STR in the city unless you live there.IE: You need to be onsite, living in the same unit you are going to rent.As per usual...