@Zeke Nickie So far the only two times I’ve crashed and burned in real estate has been when I’ve been involved with a partner so just be super careful if this is the path you choose to pursue.

The seller should have sent a letter naming you as the new owner and informing them of the pending transaction.Here's the letter I use as the buyer, which should complement the seller's letter:Dear (tenant):We are excited to announce that our company is in the final stages of purchasing the building within which you reside, and I’ll begin managing the property on August 12, 2022.

Plus, it could be Tricky with the money, as some banks might not want to give you a loan if they're not sure you can make enough money from Airbnb.Be Careful when figuring out how much money you might make, and it's safer to guess on the low side.

If you don't want to do all of the management stuff, you could look into Padsplit, its a model that I don't really care for, but might work for your situation.4.

For the previous 2 homes I own, I had my parents cosign the loan and that's how I got approval for each of loans, 1st primary residence in 2021 and 2nd in 2024.

Area of town can make a big difference on the type of residents that the property will attract and the level of work and risk involved in operating it over time.Sounds like it is an older property, which is okay, but increasingly lead paint, asbestos, etc. are concerns to residents and government regulators. 

@Karyn Navin be careful in your search for an "investor friendly" agent.At least 95% of them are only "friendly" because they want a commission!

Presently, we reside on the bottom floor while renting out the top unit.

I can only imagine how this relationship would be if you hand over keys and possession to this prospective resident…

It didn’t work out for me because according to the formula my “coach” provided, this deal did not include at least a 10% profit, and I didn’t care that it was a 6% profit, it was a good profit, and it wasn’t going to be the only deal, but I pitched it to the private money partners I was given access, but It wasn’t jumped on fast enough before another investor snatched it up for $1.3 mil all cash within a couple of days of my walking it.This was the problem with this “coaching” program… all my potential deals fell through because there never was at least a 10% profit, so I couldn’t get attention quick enough from the private money partners before another investor came in with all cash.