Hi BP community,I FINALLY finished house hacking a duplex in San Antonio!

My oldest child is going to college next year in a town where I could buy a house for $160k.

Market rents are $650 for a 1/1 and $1,200 for 3/2 in the area for this size house.   

Depreciation allows you to spread out the expense of assets over several years, reducing taxable income each year.If you need further clarification, financing for your projects, or just have more questions please feel free to reach out to me directly.

Personally not a fan of out of state BRRRR.I think it's a recipe for disaster and having been in the game for 10+ years, I've seen the disaster first hand as I bought hundreds of deals from disgruntled out of state investors who thought they can do it themselves.My property management company has doubled in 12 months also due to out of state investors getting caught with a poor property manager when trying to do it themselves from afar so they come to us for help 🤷‍♂️I'm seeing many investors buying D class crap on the MLS for too much and that needs work.They end up being into the property for 30% more than they would be that if they just bought turnkey.A true turnkey provider will find the cheapest/best deals through a variety of acquisition methods, renovate well and sell for fair market value (And manage in-house).If things go South, they are solely to blame and the penny drops with them.But with DIY, who is to blame?

Income approaches (direct cap) are most relied upon in MH parks because the buyer is buying them as an investment and its the income stream that you are essentially buying.

Wondering if there would be an opportunity to do Section 8 housing there if properties are cheap and market rent is high enough.

There isn't much scale in your current idea, but there are a lot of mobile home investors who figured out for low money down to start.

You just have to make sure once you vacate your primary and converting into a rental, how would your DTI (debt to income ratio) be effected.

After a year, you can move out, convert it to a rental property, and then use a conventional loan with a low down payment to purchase another multi-unit property as your new primary residence.