I am retired and working on career #2 and 2 of 3 of our kids have left for college - our oldest is headed to UConn for her PhD (6 years) and instead of paying to rent, our thoughts are to do a version of a house hack with buying a house/condo and renting out one to two rooms to offset the costs of her rent.

I am a loan officer, so my advice is just advice.

Therefore, I am interested in buying him out, but before I do I want to understand if it helps me or hurts me in my investment journey.I would be buying 60 acres for $260,000 and it would cost me $60,000 for the down payment and closing costs. 

My brother and I have sent out direct mailers, very generic we buys houses cash with a phone number and a we buy house sign for the picture.

Investment Info:Single-family residence buy & hold investment.

What are the disadvantages of buying a 2-story duplex? 

(In other words, if it's too high, then I can cancel the buy and not have to lose any money)2.

You can't just buy a condo in any neighborhood and start renting it out weekly.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

LOL) that week just flew by, too busy trying to buy gifts for this Christmas party at my friends house, and too many last min change of plans...