And you point out an important detail about long-term plans- yes we are looking at this as a buy and hold hopefully for decades to come, where we'd do everything you said: contesting taxes, refinancing when possible, raise rents when appropriate.

Though, if that price doesn't fit your budget at all, this place might not be worth it to buy.

I would separate it by one you choose and the other happens as part of monthly operations.I can chose to make an investment by buying a property.  

Seller has no money to pay utilities or buy groceries.

I am very new to REI and would like to know if this is a great opportunity to buy in an up and coming area or if the residential properties will negatively impact my ability to rent out my other unit.

Even of they do not pay, this judgement will haunt them every time they try to buy anything that requires a credit check, even renting their next place.

Scenario: If one is to buy a new home to use as a primary residence ( till say Jan 1 2025), fix it up and get it ready for STR use starting Jan 2025 while STRing the initial primary until Jan 1, 2025, then move back to the initial primary and fulltime STR the new property..

We're either looking at renting out our current SFH or buying a duplex and house hacking. 

"I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

Hello Everyone, I am new to BP and have been thinking about buying my first rental property for a while.