Hello all, My wife and I live in a place where it's next to impossible to own a SFH (the place is SF Bay Area haha) However, with our hard earned savings we want to start our journey into RE, and so we thought perhaps a SFH a little away far the Bay Area as a buy and hold (10 year horizon) might be a good idea. 80% chance we rent out the place forever, but 20% it turns into our primary residence if < 3 hour drive from the Bay Area.

Things you may find second-nature may be impossibly foreign to others. 

The agreement was for 15 years; paying the $400k back wouldn't negate the agreement making it near impossible to cash flow.6.

He uses the other 2 garage stalls as storage for his plumbing stuff (almost impossible to walk around) and has several cars (buried in the snow) and even a semi-truck on the property as a storage unit.Our initial plan was to fix up both units and the refinance them separately and attempt our first BRRRR.

As mentioned, NYC makes it almost impossible to start and I have been looking at some markets and found that there are some counties in PA worth investing in.

It is pretty much impossible to find a cash flowing property here.

I think there is a misconception that sellers always go with cash and it's near impossible to win a bidding war with a financed offer.

With the pandemic being what it is its been almost impossible to evict her.

@Dave Kansagor What is your 1031 timeframe...it's a balancing act to be able to get you into the right off-market opportunity and meet the requirements of the exchange....not impossible, but it will take some careful coordination.The difficulty with the exchange is that once you commit, your direction is set and you need to have multiple options.

At this moment in time, it really doesn't matter because the Governor's orders that I quoted above make it impossible to evict for either reason.