Consider factors like neighborhood, school districts, and proximity to amenities.Financing and Mortgage Considerations:Investment Property Mortgage: Understand that an investment property mortgage may have higher interest rates and require a larger down payment compared to a primary residence mortgage.Future Refinance: Consider the possibility of refinancing the property when you decide to move in, potentially lowering your interest rate and monthly payments.Loan Types: Look into loan types that might offer favorable terms for investment properties, such as conventional loans or FHA loans if the property meets the criteria.Rental Management:Long-Term vs.

You will still be on title, own it and hopefully have a decent profit each month!

There's also a monthly meetup that happens on the second Wednesday of each month (just missed yesterday).

Or is it more due to the stereotypes around people on Section 8/the other tenants are paying a considerably lower amount every month?

I have been saving since I was 14 years old, and I am on Track to buy my first Duplex (house hack) while still being a senior in high school with my Parents cosign, I turn 18 In a few months.

. * 6 month comps - this is usually a good rule of thumb in a typical stable market, but can be somewhat confusing in a faster moving market.

These areas are not overly regulated yet, with the most restrictions I’ve run across so far being they can only STR for 120 days a year, or the rentals have to be a month at a time.

I’m not sure what your state requires under landlord/tenant on a “separate “ account, but it really is cleaner to keep them separate, but if you reconcile each month and show those funds there, it should be ok.

And even if the property does not generate sufficient cash flow to make note payments, the hard money lender may lend but with an interest reserve set up from which monthly note payments are made.

At any time during the 48 month lease the property can be purchased.