However, ensure you understand the local tax structure and any potential future changes.Economic Dependence: While Albuquerque has a diversified economy, it's worth noting that government and military jobs play a significant role.

Good point, if you have plans to sell in the near future, could be better to wait.

Wishing you the most success on your future! 

After this first project, I'll have a better vision for the future.

Now that Kaaren has mentioned a self-directed HSA I think I'll definitely look at that in the future, there's not quite enough saved up in there yet to make sense to invest in truly alternative assets but at some point maybe!

Basing insurance price on past losses does not adequately compensate for the future risk which is higher.  

Emphasize how this arrangement could work to their benefit, offering steady income, avoiding a traditional sale process, and giving them the freedom to move forward with their plans such as buying that sailboat and sailing around the world.If they ultimately decide they’re not interested in selling, you’re still in a great position to continue your search and buy your own property in the near future.

I will keep you posted on any future developments.”

So you can sleep at night, consider having at least 2-4 month mortgage payments, taxes & insurance set  aside (in the event you unexpectedly have difficultly in the future finding the right tenant.)3.

I personally have been an investor in Chattanooga since 2021 and the market has shown tremendous growth and strength, and I'm super optimistic for the future.