We're in it for the long haul, we want tenants to stay a long time and reduce vacancy. 

If I were in your position, I would buy a duplex that has potential for value add, fix it up, live in one unit and rent out the other unit as a medium term rental or long term rental.

@Francisco Milan how long have you been using listing signs or approx. how many listings have you had? 

I have been on BP a long time and maybe about eight years ago , a person had a small chance of finding a posted house for sale here that can be flipped.

It's been a long road (literally and figurately) that brought me to North Carolina.

My focus is on finding lots or land for new construction, opportunities for fix-and-flip projects, long-term rental holds, or multi-family investments.At 42 years old, I have decided to leave the corporate world behind after 22 years.

@Gregg HuttonIf I were starting over with limited resources, house hacking or the BRRRR strategy would likely be the best focus for long-term growth and cash flow.

Market rents in this area for those size units are closer to $1,100 (a little more, actually).Previous owners owned these spaces for a very long time, so their taxes were low and those rents were manageable for them.

And while it has it's challenges, I love this area for long term rentals.

Your lease purchase arrangement would be good as long as the senior or their family have enough money for assisted living care until you execute the purchase.