I will say though when you accept an offer initially remember you still have gateways to pass through (Inspection, Mortgage appraisal) that have the opportunity to cost you.

Do you want 100k in a maintenance hog, or do you want to have  50% of a really nice 200k property, or 25% or two 200k properties.The other piece of information you have to find is what returns you could get on your money if you bought something else.  

New to the REI community and looking to get some great guidance and advice from the seasoned vets and learn as much as I can.Been investigating business opportunities for the last few years, and have recently been investigating REI and all the strategies and opportunities available.

Nice to have another Hoosier on here:) 

Either unit 3 will have to use a Laundromat until your tenant in unit 1 leaves, or you'll have to agree on some sort of compensation for the service (not needing to share) that you're taking away.If the tenant was told when they moved in that the laundry would be shared, tell them you're glad they got to enjoy sole use of it for so long and get over it (nicely). 

@TonyGunter that's a nice analogy.

I realize the potential cash flow opportunities (as well as possible headaches) in renting to college students.

Hi,I am owning a nice house currently worth 600K (clean from any mortgage or debt) and finally understood that sitting on this kind of asset is just a monthly waste of money.As I am completely new to the real estate investment business, I am wondering whether it would be the right way to sell my current house and buy several assets for rental or keeping this and getting a loan/mortgage and buy, probably, fewer assets.I am sure there are many answers to my question but I'd really appreciate to just get some kind of idea of what the right direction would be.Thanks in advance for any replies  

You have to figure out what you can put down and how much money you will qualify for in terms of a loan, analyze the market to see what you can get and where the area is heading, and then look for the right opportunity that will cash flow and maybe even let you house hack.

Very nice