This is a different perspective...https://moneywise.com/investing/real-estate/charlie-munger-h...

I personally work in the Columbus, Oh market because my research lead to this market.Build a Local Team:Find reliable local professionals such as real estate agents, property managers, contractors, and attorneys who are familiar with the market.Network with local investors and attend real estate meetups to get referrals and build connections.Set Investment Criteria:Define your investment goals, such as cash flow, appreciation, or a balance of both.Determine your budget, financing options, and the type of properties you want to invest in (single-family homes, multi-family units, commercial properties, etc.).Financial Preparation:Secure financing or funding for your investment.

. - Types of assets with common seller carry potential include SFR's, Multi family (small balance) complexes, industrial or warehouse space, RV or Mobile home parks, storage facilities and vacant land. 

We want to downside the house to smaller home 3/2 instead of 6/4 right now.

If there is a credit, then that will be handled in escrow.Yes, make sure that you try and use all the money from the sale of the first home and if there was a loan on the property it also needs to be replaced on the up leg. 

@Scott TrenchFreddie Mac just announced that as of July 28th they will be doing away with the no income limit restricted area's for Home Possible, which allowed for house hacking up to 4 units with only 5% down.

Anyone out there have success getting a 3rd or know anyone who might do one?Thanks.

My experience (pre-Covid) with section 8 was there were A LOT of people searching for homes with their vouchers but a shortage of landlords either qualified or willing to accept Section 8 tenants.

Any tips on where to look or which venues to consider would be greatly appreciated!

Regarding nonrefundable deposit on lease option to purchase for a home selling for $375K.What does the nonrefundable deposit entail?