I live in Kansas.

These units are perfect for owner occupants, and they are perfect for related living as you have described.

Hi all-Getting close to closing on a prop about 90 miles from where I live. 

Years ago I had posted about Shared living.

I buy homes as a primary residence with 5% down and move into them keeping my previous as a rental and the area that I live doesn't have new builds that would work for us, otherwise I would buy a new build. 

If that were the case, I would sell my house and live in a tent because it's less expensive. 

@Felicia Vinces it sounds like you missed our Year End Live show and Podcast of "Real Estate Notes Show' where 2 15 year experience note investors break down what makes a note valuable.  

The lighting is a little dark in the picture but this will be a lovely/bright kitchen and living room for our next resident.

I’m trying to familiarize myself with the area more thoroughly.it seems to have a stable increase in prices.Since I plan to live in the property initially, breaking even in the first year is my main goal. (5% down; PMI removed with renovation)However, I’m also wondering if it’s feasible to have some cash flow from such rentals, or if the risk of vacancy is high in this market.Any guidance or pointers from those experienced in this area would be greatly appreciated!

I know becoming a part time agent is one way, but where we live in south Florida seems to be overfilled with agents and I don't think its a great fit for us right now.