As far as strategy goes, long term rentals are extremely hard to cash flow right now and are more of a long term play on the appreciation side(never buy solely for that reason).

This purchase also has to make sense, but since you are living there it doesn't have to be crazy on returns. real estate is a long term play.

I don't want to ruin this lady's credit or anything but I also don't want to get played. 

This has come into play as one local city was charging $150 for rental inspections while surrounding communities were charging $50.

He had only played with the idea of selling it before he got my letter.

AirDNA is super helpful, already been playing with it.

@Shiloh LundahlTheoretically assuming properties were identical in every sense yes because I don’t need cash flow and would rather have the extra $100k in equity.Now $600/mo could get you another $100k mortgage to get you another property that could potentially also cash flow but for me personally I am in equity play mode now income mode - just my personal choice but nothing wrong with the other scenario

Decide which game you want to play.

Long story short, gives you a lot of options and depending on a value add play and negotiations, it won't take as much money up front that could be used for renovations.

Decide which game you want to play.