It isn't easy to make things pencil, and I don't see it getting much better over the next 12 months.I have changed my rental strategy to Co-Living (rent by the room).

Lots of really good seafood and live music. 

Rodrigues' recommendation may change this), but my next question would be, are there any cities/markets where 1 of the following are true: 1) You have family/friends that live there, 2) You travel there frequently (either for vacation, work, etc.), or 3) Somewhere else you've lived before AND know the area well?

We’re simply cheerleaders, fellow players, and coaches trying to get the new players to live up to their potential. 

I live in California, this is a bay area property.were not looking to move out of state and house hacking is less palatable when a duplex costs 1.6 million.

@Don Miller I live in fort myers beach.

Consult someone who actually knows what they are talking about/does this for a living, but most of your tax savings are only going to offset the earnings of the partnership rather than one of you individually.

Toxic paint et al.Would you want your family living in house remodeled with cheap Chinese s**t?

I would like to enter the landscape of real estate investing, but the area I live in has a barrier to entry with regards to cost.

Once you take over a property as an owner occupant, if it is a single family or condo you can live in it for 1 year and that automatically exempts your unit from rent control.