Do you have any equity in your personal residence?

If you look, there are better optionsIm happy to share more of my personal investing experiences here in Memphis!

@Timothy Eaton I have created an initial application that has basic information on it like name of all tenants applying, address, make and model of any vehicles, previous landlords, personal references, and I ask what types of debt they currently have and any pets.

I'm leaning towards Philadelphia because I personally find the area more interesting, and it seems like a more international city. 

Could you hold a 2, 3 or 4-plex in an LLC, live in one and still sell the entire building as a personal property sale after 24 months (no cap gains tax)?

Also, since you rely on this income, you likely aren't prepared to weather VERY negative situations such that they could have a significant personal impact on your own personal financial situation. 3.

I would personally use the money for exterior repairs and see what they say/do.

This is a truly personal decision with serious implications you should consult several professionals before you make a move.Concentration is amazing when it works; what is your edge? 

So, it's personal, for me.     

What I’ve shared is based on research and data collected so would love to know what you’re seeing personally and how it could differ!