The key here is buying at a discount.

You will get a more accurate idea of what your actual interest rate is without paying any discount points.

If your goal is to move closer to family and you’re getting the house at a discount, it’s a strong personal and financial move.Advice Based on Your GoalsGiven your long-term goals of being debt-free while building a rental portfolio, it might make sense to hold onto the Stockton property.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

Whether its LTR or STR - if you buy at a discount of around 70 to 75% LTV, you should do ok. 

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

For example, one of our tenants gets discounted rent from April-October for managing the landscaping. 

If it’s possible to get enough of the renovation done quickly then I’d move in some tenants even at a discount to provide protection from the squatter.