My short answer to that question is: Yes.So sure, you might want to or be forced to spend some or all of the cash-flow along the way, before retirement (especially if RE is your only source of income), but when you DO retire, would you prefer living off the cash flow from 5 properties, or 50 properties?

Again, the house hack is hard to argue against when the rental part covers most or all of your mortgage.

@Andrew Michael assuming the developer used a loan to build - that is correct that the only security would be in second position - regardless of one unit or all of the units.

Hi all,Multi-part question here, feel free to answer any or all parts.

Was he reluctant or all for it?

This has always been the case, but the industry is taking strides to make it more fluid.Investor Sellers can choose to pay some or all of the buyer's agent commission (that's not new) but this can no longer be advertised through the local MLS AND this must go through the seller to the agent versus through the listing agent like it did in the past.Investor buyers must be signed with an agent to step foot in listed homes.

If one or all inherited tenants are on M2M, which is preferred, you will be in a much stronger position.

You cannot really modify a contract orally, but you agreed to a one time waiver.  

Then, they finally call you because there are no more reserves left in your account, because they spent it all on "emergencies" that they didn't need to call you about because they were emergencies or all under $250 or whatever.And, you will have to manage the manager anyway, if you are smart.So, 1) manage it yourself.  

call hud and make sure that make up an agreement about if any thing does happen hes on that fine line about having to leave or all