I don't feel like it is enough time to prepare, even tho I have been saving for this most of my adult life, 5 years.So my options I see are;1) Live at another rental for 6 more months, at higher rent, around $160 p/w each ($320 p/w total) - this would give me more time to research areas and find a better deal.2) Rush into buying a property and hoping it works out. :)The numbers look like this;Purchase price - $300,000 - $350,000 - the maximum I want to spendSavings - $50,000Excess income - $400 p/w (effectively $500 p/w as current rent can be used)Rent income - $150 p/w (my partner will effectively be paying rent to me)Other possible rental income - $110 p/w (renting out a 2nd room)Mortgage details;Loan amount - $300,000Loan period - 30 yearsInterest rate - 5.48% p.aRepayments - $391.95 p/wSo I believe I can afford it, just want to know if 3 months to buy is cutting it to short, or would renting for another 6 months after be better in the long run?

We focus almost exclusively on retail properties throughout the New England market and beyond. 

One of the biggest tax advantages you can get is the exclusion of capital gains on your primary residence. 

But local taxes may add another 4%.Income Tax RangeLow: 1% (on the first $1,000 of taxable net income for married couples filing jointly; on the first $750 for individual filers; and on the first $500 for married couples filing separately)High: 6% (on taxable income over $10,000 for married couples filing jointly; on taxable income over $7,000 for individual filers; and on taxable income over $5,000 for married couples filing separately) Social SecurityBenefits are not taxed.Exemptions for Other Retirement IncomeTaxpayers who are 62 or older are eligible for a retirement-income exclusion.

I've been an investor in SFR exclusively, but this past summer, tried to enter the multi dwelling unit market.  

I told him that while we tend to usually be a quiet household, we're not going to have quiet hours....and that we're all adults and can do laundry whenever we feel like it.

"Gross rent $180,000, NOI is $128,000"If accurate and no exclusions, that's an expense ratio of 28% and that's good.HOWEVER, Price / GSI = 2,800,000 / 180,000 = 15 (the GRM)   Someone is dreaming on the price.  

I also found that these 3 areas are closely related and are not mutually exclusive.

Therefore, investors must have a net worth of $1M or more exclusive of their home or meet the income requirement of $200k/year for the last 2 years with the reasonable expectation of the same in the current tax year for an individual or $300k/year for a married couple.

The HUD + local zoning rules allow 6 unrelated adults.Would it be wise to limit the number of adults to a lower number (3 or 4)?