I told them that it was a better idea that, instead of buying a home first, we can buy an investment property and keep renting after we build some equity, sell it and put the down payment for 2 houses or a duplex and live in one and rent the other one (for me, i could keep renting until we buy a lot of investment properties and then move to one of them), but my family wants to buy a home firts and then the investment property.Can someone give me a light of what is better or the pros and cons.Thank you so much.

Maybe I got over excited, since this was my first owner finance deal, but I was really taken by them- I wanted them to live and buy our home.

Most of us that lived in NYC invest out of state because the price points are significantly different elsewhere.  

I've drawn the new build for an owner-occupant to have a single family home but with the option of having a "tenant"/roommate or family member (perhaps in-laws, or elderly parent/grandparent, or a brother/sister, who wants private, separate living space, etc.) living in their own space with their own separate utilities.

My husband and I own a profitable condo we rent out short to mid-term, while living in a single-family home we plan to convert to a long-term rental.

wouldn't be able to get this mortgage unless they lived in SoCal and worked remote.

Currently we live in the apartment and we are renting out whole house. 

They want to put the listing up live in two days and i'd love to grab it.Can anyone help me get started in the right direction?

If you have lived in the property for more than 14 days or more than 10% of the rental days then yes, no rental losses are allowed (i.e. bonus depreciation).

A friend of mine who still lives there said he couldn't believe how many houses are currently for rent in 5 points and Old Town.