Definitely a hefty price tag but if you can get something maybe on mission hill, you could easily rent it out to students forever.

I do not foresee you having an issue placing tenants once getting CO, in Lehigh there is not any HOA rules or Guidelines that are standard in most areas. 

@Joanne WymanThe issue with these homes is the renovation cost will far exceed the after repair value.

So right now our STR is mostly just communication with guests and occasional property visit if there is any issues.

@Curtis Rouse Jr Could you send me the link for the financial model?

I just recently helped him get his GC license so finding a contractor is not an issue.

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

I was recently laid off from my job and have three issues: 1) No way to get a conventional mortgage 2) Need a place to live, and an advantage: sizeable savings on stock, bonds.I want to start investing in RE (ideally multifamilys), but for now I want to start small: buy a condo to live in, and [whenever I buy a multifamily I could move to] rent it.I would like to evaluate my high-level strategy, and get your comments:* [Soon] Get a "securities line of credit" worth around 15% of my savings.

This includes collecting rent, handling maintenance requests, and addressing any issues that arise.Financial Benefits: Renting out the basement can help offset your mortgage payments and other expenses associated with homeownership.

@Joseph McElmeelHey JosephThe fha has a lending requirement for fourplexes that could cause you issues and that is the self sufficiency test.