I'm under contract on grand fathered 3 family that is currently being used as a 2 family. 

I invest here in GR and am happy to connect you with our financial advisor who is helping us structure our businesses for our properties. 

Quote from @Chris John: @Georgy Cherkassky"Not entirely, if your saving 1 grand a month for a downpayment on property; your first property will be in three years and then you will have to save for another 3 years to buy a second property, so on and so forth."

I am now out 50k and have a few hundred grand sitting in escrow.7. not willing to just walk from 50k if there was not this 50k I would have just moved on.8.

@Jay Garrison grand is still the solid boarder, even if your west of Homan as long as north of grand there’s solid tenants/homeowners.

Not a huge difference in the grand scheme of things.  

or on a grand scheme, it's all come out to be the same?

if someone needs to borrow a few grand that's a pretty shaky situation.. 

My tenant, a single Mom, had rented my rental for almost 2 years with her son and couple of grand children.

i keep seeing:1. buy out of state rental in a solid neighborhood with long-term potential (just as you are recommending) but then...2. have one rough tenant turn that costs a couple grand, and3. give up on real estate investing, and turn on everyone involved in the transaction for not guaranteeing that sweet cash flow in month 1 lol, yea there is a decent chunk of investors who get really butthurt by that one bad unit turn and just give up.