You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.  

Stock market returns have been good and I don’t have the headaches of dealing with any additional houses or guests.

Further context, I have zero debt, high 700s credit score, one other investment property here locally. 175k in cash available, looking to do DSCR loans or cash and then refinance.Peoria, Illinois- Great need for lower income housing, market appears to have many options.Lawton, Oklahoma- Looking only at extremely cheap properties, as it seems it’s not terribly hard to find renters.

The 2 best ones I know of are:- House Hacker Mafia (https://www.meetup.com/house-hacker-mafia-real-estate-invest...)- Colorado Springs REIA (https://www.meetup.com/colorado-springs-real-estate-investor...)Hope to see you at one of them!

🚀 24-Hour Case Study: Free Co-Living Marketing Strategy That Generated 695 Contacts & 15 House Tour RequestsHey BP Community,Wanted to share a co-living marketing strategy we tested that brought in some seriously impressive results in just 24 hours—completely free.📊 The 24-Hour Results:✅ 695 New Contacts✅ 100% Email Open Rate✅ 15 House Tour Requests✅ 2 Applications Submitted🔥 The Strategy: Livingsmith Partnership Database ApproachOn Friday, January 24, 2025, we launched a simple but highly effective outreach approach to attract potential tenants and partners.

Funny you mentioned a $600K house doesn’t pencil out as a rental.

Just bought 3 houses last week from a builder. 

You could also consider an open house showing. 2-3 hours on a weekend may allow a number of the people who have called and are interested in the property, to come in and all have a look as their time allows.

My plan is to buy the house subject to their existing mortgage, renovate the property, refinance it and pay off their remaining loan balance using the money from the cash out refinance.

For context, I'm based in the SF Bay Area in CA and looking into buying my first OOS rental after house hacking locally for 10 years.