But 50% of a watermelon is better than 100% of a grape as Mark Cuban would like to say.Here's the financial snapshot:~$650,000 worth of property~$520,000 worth of debt service~$130,000 worth of equity ($43,300 each)~$1,300 cash flow (after PITI)$0 out of pocketInfinity ROIInfinity knowledge$5,000 set aside for future repairs (money from bank refinance)Lessons Learned:-Plumbing is one of our largest expenses-Check all the electric, worth the peace of mind-Granite is worth the extra cost even on <$100k homes (better ARV, tenant proof and better tenant)-Section 8 isn't so scary if you've got a good tenant-Having a truck is a game-changer!

I would look at how much cheaper renting is, and if you think that you could make more use of that extra cash flow each month to make it worth not gaining equity on your primary residence.

It seems like we are getting a lot of extra wear and tear on the house......

The alternative is to have the title under a business partner, either a friend or family member, to keep things legal (mortgage will likely be under my name).Worst case I stay at the Marriott and keep the MFH as a pure rental but that extra $2900/month going towards the property during the months I’m TDY would be nice.I’ll discuss with my local Finance office as well but just wanted to see if anyone has had similar experiences. 

It sounds like with that many extra people living at the property they had already broken the lease and their month to month status you could have had them out in a month regardless. 

That's an extra $2400/year. 

The seller is an elder couple that have multiple units within the condominium, but are looking to start an exist strategy as they are travelling too much to self-manage and want the extra cash. 

It's worth waiting an extra week or 2 until it's ready before people see it.

Paying over market price for a personal use residence is often justified by measuring the personal intangible benefits against the extra money cost.

In the context of appreciation, loan payoff, etc... coc roi becomes less relevant, but for a conservative investor I tend to focus on cash on cash ROI and the rest is an extra bonus.