We live well, have a nice house which I built from the ground up and saved 200k off the top. 

I've done several of these here in Chicago, and currently looking for a single-family house to a live in flip in. 

Hey BiggerPockets Community,I’ve been investing in co-living real estate since 2020, and over the years, I’ve met countless investors who get their first deal (or maybe their second)… and then stop.They don’t stop because they want to—they stop because they hit a wall.Somewhere between Property #1 and Property #3, investors often find themselves stuck, unable to scale the way they originally envisioned.

David,Yes, investing out of state can be a wise choice especially if you live in a State like CA, NY, NJ, CT where home prices are over priced and taxes are brutally high.

Quote from @Keyshawn Johnson: Hi BiggerPockets Community,I’m currently living in Italy but will be moving to Florida soon, specifically to the Destin area.

However, the units I see myself living in all barely break even on cashflow.

Investment property (not primary residence) It's the industry standard if you're not going to live there.

A lot of qualifying questions for any potential tenant.Having said the above, I ask for some "standard" things, such as the names of everyone who'll be living at the unit.

I've lived in central Texas for 44 years and never have I replaced a roof less than 20 years old.

I'm more interested in purchasing 10 homes to have fully paid off by the time I retire, as I'm not living on the cash flow w/ current job.