She doesn't not actually have the money to cover the cost but waiting for the proceeds of the sale to pay for the repairs.

However, in the purchase contract, we agreed that the seller would “rent” the property from me for the next 5 years covering basically everything except P&I. 

I like time with my kids and I work to live and not the other way around.2) I still have to put food on the table and have health insurance which means keeping a W2 job. 

With a $100K, 33% down, mortgage instead of a $180K mortgage, 20% down, I manage to snag a property where the rent of 2 units covered the mortgage and taxes, and I house hacked for free.

I was expecting that this would be a relatively new property so minimal repairs would be necessary and it passed 2 inspections.

You only need 5% down which covers 2-4 Unit multifamily properties.

I especially agree that this is concerning in Texas relative to the very well known foundation issues. 

About 400 acres in total, covering 4 parcels with 4 different owner groups. 

You avoid 8-12 months of pain having to deal with builder delays, ground breaking due to winter/hard ground, costs of materials or shortage of inventories, etc.If that’s not your cup of tea you still have Charlotte, Duram and Fayetteville all offer some great sale prices on SFR's and 2-4 units for STR/LTR.Owning a home is a plus to get started if there is equity to use and you want to stay cash fluid just pull out some cash through a refinance or Heloc to cover the DP on the new REI.

They cover articles related to new businesses/developments in the NKY River Cities.