Seems simple but almost everyone who posts in these forums about LP or JV investments that go bad can't even verbalize what they invested in. 

you can build triplexes in columbus for cheaper. if it was more about you living in Grandview could work out but that's a tough exit one unit won't even get 0.5% rule.

If you want me to go into further detail, I'd be glad to do so either on here, via PM, or even just call me.

But even then you still need to have cash available.

Aside from the 0 money down, even FHA requires 3.50% down, everything sounds like you're on the right track.

No one knows, even the people saying they know might not really know. 

You don't own the debt even though you are nice enough to pay it.

If you do not qualify, you would then look into if you would qualify with renting your departing residence. 75% of the lease will be used to offset that departing residence mortgage. as you mentioned the timing of renting the place can absolutely be tricky so you would hope you do not have to do this.Finally, and I guess would be sorta of a trick, but we do bridge loans on occasion in this case IF you can qualify once you get the property rented at market value even if debt to income ratio is too high before it is rented.

I always am amazed when someone selling a $600,000 house brings me a listing agreement where they agreed to pay a stranger $30,000 to list their house for sale and they didn't even read the agreement much less spend the $250 to have a lawyer tell them that yes, if they sell it to their cousin during the listing period they still have to pay the $30k.

So, that even if they change jobs more often they are never out of work long and often they change jobs to seek a better opportunity.