Where you live in relation to the investment property shouldn't matter.

If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units.

This 16-acre mixed-use community bridges Downtown Gastonia and the historic Loray Mill District, creating a vibrant live/work/play corridor.⚾ Franklin Yards-Gastonia- A $26M, 5,000-seat multi-purpose sports and entertainment venue, with future plans for residential, retail, and office spaces.🍽 Food Hall-Gastonia-Gaston County’s first food hall is in the works!

I truly appreciate you sharing these takeaways—it’s clear you’ve not only thought this through but lived it.I took some time to explore your Linktree, Instagram, and the Elevate CIG website—truly impressive work!

Video is very important, shoot walk through video and have that.

I am looked at by the loan officer as living in a situation rent free. 3.

I posted a Youtube video on this if anyone wants to know actual procedures and costs.Gotta order and pay for Phase I, ALTA survey, EM deposit, review PSA, etc.

@Hudson Filippi What part of Northern MN do you live in now?

Additionally if you are deeding the property you live in to an LLC you may lose the homestead exemption which could actually increase your taxes. 

I live in Fl. where insurance is pretty costly but I am also investing in states where insurance seems less expensive.