Sure, I get that if the deal is good, who cares... and no one likes inherited tenants anyways, but I wouldn't mind a little more protection during the purchase.

Needless to say I immediately immersed myself in research (really I geeked out for a minute on podcasts and blogs) about real estate and met a like-minded individual with experience to partner with and started doing it myself.

The things that come to mind are;1) If you are buying a starter home would you consider giving the upstairs/main (better) suite to renters and increasing your cash flow?

I am new to Bigger Pockets and i am looking to network with fellow like-minded individuals as well.

Keep in mind i will begin my first year in college to get into med school, but want to buy a four plex before next year. 

@Rob Derasmo maybe things are different in your area but the first thing that the owners would do is look on zillow and see that the house is worth far more than the offer, nobody in their right mind would let a house go for $550k with a potential $500k profit attached to it

I will keep that in mind for future.

Last thursday, i was talking to an investor at RE meetup who just finished 3 flips in May that all 3 required 50k+ in reno, when i asked him how they did for him in profits, he said he profited only 8k between all 3 houses, which blew my mind, risking that much money for such pitiful returns, but he told me thats been the norm for him this past 1.5 years.

If anything, experiencing these hardships has put me in the best state of mind that I’ve ever been in.

There are certainly many advantages for investing in your own backyard in terms of existing relationships, understanding the market and extra peace of mind especially when just starting out.