Also depends on if you will ever want/need a roommate, one advantage of a 2bd is obviously if you are ever in pinch you can rent the 2nd bd, but if your pretty confident that’s not something you’ll do, I’d lean newer 1bd, not to mention that’s where the best deals are right now.

Let me know if you ever need anything else here on the Coast - I'm always here to help! 

Have you ever heard of a Landlord being sued by a Tenant and losing property?

Professional management and screening will have the largest impact on how your investment performs month to month from a cash flow perspective. 

If you're ever up for it I host the  house hacking happy hour meetup once a month. 

There are a few that are either "really close" of simply don't fit other criteria that we want (one example, a group looked quite promising, however when digging into the PPM / OM's we found that the whole thing was based in the Caymans... that's a great place to vacation, and I really liked the Caymans... however I don't want to have to figure out the legal structure of something that's not US based should I ever need to.... so, that's not one were invested in).Feel free to reach out privately - always willing to chat.

Open to any other suggestions dealing with this in three month’s time What ever strategy you chose will take research and due diligence even wholesaling.

Is it ever necessary to go down to the studs?  

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans (more on those in a second)....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.

There are always cycles in real estate, but because of the size of the housing shortage, lack of new builds, and the largest economy in the country, it's hard to envision where we won't continue to see price and rent appreciation.