We have been around the bigger pockets community for over a decade now and have more 5 star reviews on bigger pockets than any company on this website in any industry (>270  5 Star reviews).

That's actually what I did myself when I moved from Portland Oregon to Columbus Ohio (got priced out of my own market)! 

The market is going to go up in the next 5 years. Everyone has a timeline of when interest rates are going to change. Interest rates need to drop a certain amount in order for a person to make a transaction right now....

What are your investment plans moving forward?

He has been alongside me on the other deals so I’d like to give him equity/skin in the game and I don’t know how else to do itQuote from @Basit Siddiqi: Getting a property with a partner / friend will not help you from getting hosed on taxes.I wouldn't move forward - You mentioned beng a high income earner so your hourly rate is very high.

@David Matarazzo  Did either of you move forward with them for property loans?

We recently moved to TN and have both sides rented.

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

Wind is one of the subtle items that Insurance companies are starting to exclude. 

Also, be sure to notify your insurance company that while you are still living on the property, you also have tenants.