., don't forget to factor in the cost of your rent in your calculation.For example, house hacking a multifamily in a desirable part of Philly might not cashflow, but is the reduction to your cost of living greater than the cashflow from an investment property in a bad part of town?

A living trust is a trust that is formed while you are living and you have put things in it.

Hey Kevin - I am from Huntsville (live in CLT now) and am emmersed in the AL market.

I think Nevada but I live there so I'm biased.

I currently rent out one side and live in the other.

I'm living in Orange County, CA and looking to get started by purchasing our first property in the next 9-12 months.

My wife and I are divorcing and I haven't even been able to live there for the past four or five months, but I didn't want to put her in a bad situation paying for the rent all on her own.

The reason I am asking is because I live in Charlotte and my market is pretty expensive.

We'd live there for 1 to 2 years while saving on not paying rent and building equity.After that, my first milestone would be $10k in cash flow per month within 5 years. 

We live in the Carolinas and are interested in townhouses or single family homes we can rent to folks that want to go to the parks and / or beaches.