Soon though I didn’t feel alone anymore, it was the beginning of 2020 and by March I was joined by much of the world in my “what’s next” quandary.I was lucky though, I lived in suburban Colorado next to lots of park land and my wife had a secure job.

Looking for best recommendations when it comes to security cameras, motion sensor lights, key pad locks, ring cameras?

If they got a nice cushion of savings say like 10-20k, I would probably accept them as tenants assuming all the other ducks are in a row and if they are willing to put first, last and security down (if legal in your county/state).

Purchase is secured by a long-term escrow with no cancellation.

Alternatively you could do a smaller a cash out amount and a private agreement for installment payments to each party secured as a second lien post closing. 

My wife and I are passionate about real estate and have secured our first investment property this year of 2024 on Hawaii island.

State Where the Real Estate is Located: In addition to your home state, the state where the real estate securing the mortgage note is located may also have its own licensing requirements.

House Hacking Strategies: Examine various house hacking techniques, such as renting out individual rooms or residing in one flat and renting out the others.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Further,"At least one borrower must occupy the property and sign the security instrument and the mortgage note in order for the property to be considered owner-occupied."