People are tired of rigid hosts whether or not they live onsite and I see that takeaway more than “sharing a home”.

Just like two people can look at a Picasso and one is willing to pay millions and the other would rather have their toddler's art work hanging on the wall, a bottle of bourbon can hit different people differently.

We have developers interested in buying the property for about 6 million.

Steve,Unless you are cash fluid and have a good chunk of change to continue to buy more properties, I would tell you to pull out some cash.

i suspect you'll say "too expensive," but out of state comes with challenges too, and getting crushed by deferred maintenance and overpriced contractors is actually very expensive.memphis in particular - to be successful there, you'll need a team and a strategy, not just interest solely because it's "cheap" to buy there. 

I'd suggest you keep checking redfin and zillow home estimate, once you see price is stabilizing or moving up then you can buy aggressively.

Keep saving your money and make sure you have plenty of reserves before you buy anything.

That extra buying power will give me a better chance of finding a property within the area I’m looking in.

I recommend buying into section 8 rental that have already did the modifications or repairs and passed the city inspection.

@Brian EastmanI just learned that when buying houses from Self-directed IRAs, we cannot depreciate?