( 250 investors 50 mil) all loans were fractionalized ( this was Oakland CA and Bay Area loans) I could legally do those as a CA RE Broker. 

Definitely screen properly and don’t cut corners!

Research market rents, carefully calculate expenses, and ensure you have a solid lease agreement.

The nicer areas are already charging a premium so be careful. 

Don't care for the Pistons or Cavaliers.

Why move the house . just cut a section off .

Also, not sure what relationship you have established with your property manager but typically people hire managers to take care of this part and be tenant-facing.  

However, the biggest con is that you are sacrificing a bit of your privacy by living right by your tenants and it is usually a lot more stressful since everything is your responsibility - managing tenant issues, handyman repairs, taking care of the lawn, etc.I would strongly recommend house hacking especially in the Columbus Ohio market!

Got a call from the tenants mother on Tuesday morning - she said her son (my tenant) was shot nine times this past Saturday & is in intensive care, surgeries, etc. 

Timing your next investment is all about balancing risk and financial comfort—trust your instincts and run the numbers carefully.