If you are going to buy a multi-unit with the plan being to live there then move on w/in a few years, make sure that you like the numbers as strictly an investment. 

If either of them wants to find out, they can look at the docs filed with the county, but if you have done it correctly up front, everyone is winning and everyone should be happy.  

Now if someone was making 50k at their career and can now own a business making 80k or 100k and be their own boss then it might be a win for them.If you already have a business making way over that then it's a downgrade in income for time.

In the courthouse there are literally attorneys waiting for tenants walking around to try and represent them at eviction hearings pro bono because they are confident they will find some technicality (of which there are many) to win the case and get the landlord to pay their fees.

Let's say I bid on a house and I win. 

Chris It would be very interesting to see comparisons of actual cash flow or net rents received over a 3 to 5 year period from 8 caps from tK or 12 cap from tKI will wager you a ride in my new jet... that the 8% wins out.

Originally posted by @Hattie Dizmond:@Sherwin Vargas win Vargas Take a deep breath.

if it turns into something, you could have a great deal.Even if it doesn't turn into something, I bet you've learned a whole lot and you're probably educating others in the process.Sounds like a win either way.

Assuming you used to pay $500/month you are now doing rather well from a cash flow point of view.If you'd paid off your Credit Card with the 10k your scenario looks like:Take Home Income (W2)-$500 Rent-$184 Payment on Student DebtIf you bought a multi family that left you with $0/month in rent payments and everything else was covered:Take Home Income (W2)-$184 Payment on Student Debt-$357 Payment on CC DebtYou are winning by $143/month by buying the house in this scenario.

Win-win!