Small issue - but one that could be impactful in the future whereby the chain of title could be broken if parties are not around anymore to issue affidavits to the error.

Also, if you really want to use FHA for your next purchase, you'll want to dig into the 100-mile rule to see whether it will impact your situation.

This is most of impact on properties with ADUs. 

There is another factor that is your family so understand what is the impact there.

A simple 5% return per year gets you $50k/year...and you still have the $1M to adjust to inflation by reinvesting into different vehicles along the way.Focusing on taking the long term returns ($$$/year) can be a better choice, but you have to look at the long term impact with all your options, compare them, and then make a choice.Do you think they teach that in school now? 

This is a huge plus because it offers liability protection, meaning your personal assets are shielded if there are any legal issues with tenants or the property.Doesn’t Appear on Your Personal Credit: One of the big perks is that these loans don’t get reported on your personal credit profile, so they won’t impact your credit score or debt visibility.

Below is a comparison of Texas and Nevada.Sources for insurance and property taxes: Insurance - ValuePenguin, State Property Tax Rates - Rocket Mortgage.In order to demonstrate the impact of taxes and insurance on net rental income, I compared the overhead costs of a $400,000 property in Texas and Nevada.

Their income can be impacted because they often need a price point that is competitive with a hotel room.  

And in the deal by deal syndication space, the deal will have a bigger impact on my returns than the sponsor.  

**Evaluate the Condition of the House** - With limited cash, repairs might feel overwhelming, but some issues can directly impact the home’s value or ability to refinance.