If you don't trust him, ask yourself: Do I feel this way because the advice they are giving me is correct and they are sage?

They may not like having a roommate during the winter when they are there but they have been where you are in one way or another (having a winter home and a summer home) and might take pity (for lack of a better word) on you and let you stay full time until 2020 and perhaps even give you some sage advice. 

Any sage wisdom/words of caution?  

@Clarence Gong There's some very sage advice above...I don't think I can contribute a lot more...I can say that I have a construction background of over 20-years and manage some pretty large renovation projects...we just bought a 150-year old hotel and it's great...settling foundation, original windows and doors, crumbling plaster, a boiler that could power the titanic...active knob-and-tube...radiant heat...The point is to be well educated and prepared for what you are getting yourself into.

@Sage BalaiAll title fees are paid by the end buyer you don’t need capital to open title at your company of choice

or what an investor will pay for a given cash flow.. the big money happens when owner occ moves back in.. better schools better shopping pride of ownership.. less drive by's :) Sage advice as usual Jay. 

And on that note, let me leave you with this one little piece of sage advice, if I do say so myself - one comp does not a market make....but but but, the house down the street sold for X...Yes, yes it did.

Would love to hear your feedback on this: whether it is worthwhile, how to measure it, and any other sage advice:We a 450+ sq. ft. garage in the back yard that we almost never use.

TN Mates, Interested in getting your collective and sage thoughts on this zip code for a 164 unit MFR investment I am looking at trading:Memphis, TN 38111

I'll watch this thread for sage advice.