Understood I made a bad move here as this was first investment so didnt think much except at the location for longterm growth or possibly I move there as part relocation.

I look forward to possibly dealing with you when I get a some experience under my belt! 

Hello @Timothy Hilario,I think there are benefits to both strategies.If you move out of your apartment and rent it as a mid-term rental, you could see decent cashflow without pulling equity out of the unit.

So advice to get the house against him and he will move out on his own is HIGHLY unlikely.  

Looking forward to connecting with you all!

IF you decide to move forward in Memphis, recommend buying the first one turnkey to get you going.You'll learn a lot about rentals and the market with the first one.THEN, if you like results you can look for agents & PMCs to help you buy more and save the 20-30% markup you mentioned.Recommend you also read below info to set your expectations correctly:_________________________________________________________________________We think the Midwest is a GREAT place for OOS investors to consider!

I am definitely looking forward to this new world of real estate investing!

Then you can house hack the rest of the it and then consider moving out later on.

I think I’ve covered my bases, but I’d love to connect with others working on similar models or interested in this niche.Looking forward to hearing your thoughts!

Hi @Sharad BagriIt’s great to see you considering liability coverage right at the outset of your partnership investment.. that’s a proactive move many new investors overlook.