Investment Info:Single-family residence buy & hold investment.

Hello BP,Recently, I decided to move out of the house that was my primary residence for four years and make it a rental property.

Investment Info:Single-family residence buy & hold investment.

Currently own a 2 unit as my family primary resident (current not rented, temporarily reverted single family).

Investment Info:Single-family residence other investment.

With out of state investing you do not have the option to move into your next home as a primary residence to get a lower interest rate (it is a significant difference) and put a lower down payment (as low as 3.5-5% on a primary residence vs 10% minimum on a second home or 20% minimum on an investment property). 

The kids can wreak havoc in a unit so more damage than the avg market-rate tenant. where I worked in Jackson ms and owned a few hundred section 8 houses.. the statistics for the amount of local residents on some sort of assistants is staggering..

That said, the most money to be made in residential rental real estate is in C/D class housing in areas on the verge of becoming "discovered" and the influx of residents and investment money driving up prices (the equity that makes you rich).

Process of selling primary residence, but instead of investing in another property, we are looking at purchase a small business instead.

My personal residence I think I am going to try and and turn it into an STR and see if I am able to keep it over the next few years.