that is a perfectly fine strategy - it's just very difficult to do at a distance.as others have said, house hacking if done right shouldn't close off other strategies.hope this helps - trying to be realistic not discouraging.

If you prefer steady cash flow and lower risk, Ohio is a solid choice.

Be fair but firm with your choices.

BP will be the perfect place to find a mentor or just take notes from others experiences to add to your back pocket. 

AND, your son will be at the mercy of the SELLER and dependent on the SELLER's good choices for the life of the loan.

The Seller has 3 choices; Accept, Reject, or Counter. 

for folks in So cal  I think Vegas is a great choice   1. you can drive there   keep in mind flying to other parts of the country to check on property is going to eat up 1 months rent if you go annually.2.

@Grace TapfumaI wouldn't sell a perfectly fine business to get capital to invest in real estate unless there are indicators thats time to move on to something else.

This can be very expensive and is usually the worst choice because you can't justify the cost.2.

Another "perfect storm of uncontrollable events".With both failed deals they are pointing blame on poor performance from the companies they hired to manage the property and to do the renovations, which raises a few questions:1) how can/should LPs perform due diligence on these to be hired companies?