Hey Landon,I live in Knoxville, TN if you'd like to network.

I would be househacking my first property whether it's living in one of the units for a year while renting the other side simultaneously or living in the entire home for the first year and then renting it afterwards. 

Just use the debt wisely and you'll be fine. 7% is high but if you get the right property that still makes money (or that you enjoy living in), you can always refinance. 

Background:My wife and I current live just East of Dallas in a single-family home (past 2 years).

@Nathan FrostSell your worst 2 or 3 properties that you expect will be the biggest headaches and the ones you can live without.

When we were building our home we wanted to put a circular driveway in and sent thepreliminary site plan to vdot to review and they came back with a lot of comments which led us to not move in that directionAlso whatever project you are considering always assume it will take 2-3x longer to get permitted than you anticipated and you will spend 2x what your civil says it will because they live in La La land and quote it based on the best case scenario with these jurisdictions

Purchase price: $452,000 Cash invested: $42,000 8 Bed 2 bath Co-living house What made you interested in investing in this type of deal?

Investment Info:Single-family residence buy & hold investment in Phoenix. 8 bed 2.5 bath Co-living house What made you interested in investing in this type of deal?

In reality you are renting to the government and are government controlled although you must allow a welfare recipient to live in the property.

-Will be open for us to extend our inspection periodThe counteroffer sounds attractive since he's offering to pay for most of the repairs, even for an engineer to properly inspect the foundation.