I know what position we are in and would appreciate feedback only based on a positive note.

This says that the buyer will maintain only a backup position until all contingencies have been met.

Even if you have to delay your career for family, improving you capital position is never a waste of time.

Not saying it can't be profitable, but I am almost 100% sure it will be a nightmare to maintain and/or collect rent.

People on BP will tell you they never invest unless they get 1% or hundreds of dollars in positive cash flow and I will tell you those who invested in Central Austin the past 5 years have made way more money, in negative cash flow, than all those 1%ers. 

Also, the association controls finances, insurance and many other things, a friend of mine has a condo in a unit mainly controlled by Canadians that are seasonal, in their infinite wisdom they decided to not maintain flood insurance for the development (they are in a flood zone)  now the units are unfinanceable , so the values are lower because only cash buyers can buy in the building.

Obviously by losing a full units rent, the numbers are now low but are still in the positive.

I’m interested in having more than one door and I have been dancing around the idea of buying duplexes or quads, but I think boarding houses seem genius because it’s a single family so the loan would be easier to get and it not a large area to maintain.

But any additional positive feedback and tips are much appreciated.

Goals:Meet the tenants and begin to build a positive relationship.