It also had commercial potential as well as an amazing Airbnb location How did you find this deal and how did you negotiate it?

I should have known, but didn't see that this was from mid March.

You typically get better terms with purchase money vs cashout refi as well.

I guess it comes down to whether or not I can save for both - down payment and costs for my personal residence as well as an investment property.

Josh,Well except for the 4 items you mentioned, then it's a walk in the park....

These are good working class rental areas that can perform very well.

I'm a newbie as well.

Hope everyone has been doing well halfway through the 2024.

:)  well this is a long list.1.

What we find is that owners in your position can do well in a set of ideal circumstances:  the home is in great condition, they find excellent tenants who treat the property with care, and nothing crazy happens.