Yes...as long as your living room is really nice....

At $1500/month might as well rent long term for maybe $1300 and just save all the expenses and be ahead.I'm happy to answer any questions about Dallas condos or other options if you have any. 

As investors (buying a home to live in or to house a business we own is DIFFERENT), 90% of sellers will NOT (at least at the present time) accept an offer that makes sense for the investor.  

Hey River,Right now I live in "Central",so Im open to all areas outside of places like camden,newark unless in the good section ect.

Does Goodin Development have offices or assets located anywhere else in Indiana other than where you live?

@Tove Fox - Residential Real Estate InvestingPros:Lower Entry Costs: Easier to get started with less capital required.High Demand: People always need homes, making demand relatively stable.Easier Financing: Mortgages are generally easier to secure with favorable terms.Simplicity: Easier to understand and manage, especially for beginners.Flexibility: You can use it as a personal residence or rent it out.Cons:Tenant Turnover: More frequent turnover leads to vacancy and more management.Lower Cash Flow: Income potential can be modest compared to commercial properties.Emotional Buyers: Residential prices can be influenced by emotions, leading to price volatility.Maintenance Burden: Landlords often deal with repairs and maintenance, which can be time-consuming.Commercial Real Estate InvestingPros:Higher Income Potential: Stronger cash flow and higher returns are common.Long-Term Leases: Tenants often sign longer leases (3-10 years), reducing vacancy risk.Professional Tenants: Business tenants tend to take better care of the property.Valuation Based on Income: Prices are based on the income the property generates, not market emotions.Shared Costs: Tenants often cover property expenses like taxes, insurance, and maintenance (via triple-net leases).Cons:High Entry Costs: Requires more capital or partnerships to get started.Complex Management: More expertise is needed; you may need a professional property manager.Economic Sensitivity: Commercial properties are more sensitive to economic conditions.Challenging Financing: Securing financing can be harder, with stricter terms and higher interest rates.Zoning and Legalities: More complex regulations compared to residential properties.Key Differences:Risk: Residential tends to be lower risk, while commercial offers higher rewards but with greater risk.Management: Residential is easier for DIY investors, while commercial properties usually require a team.Scalability: Commercial properties are easier to scale, offering more potential for significant cash flow increases.

Where I live mice are common as the cold weather drives them inside.

They don’t provide any invoices for expenses and hold you at gunpoint so to speak.

Based on my experience, it’s often not worth the time and expense because appeals frequently lead to no change in the tax assessment.

I know because I successfully owned properties in Phoenix while living in NYC and Houston.