Ideally I want to get the majority of my money in real estate and I keep limited in checking account. 

Tie the damn thing up in contract so you know it's yours if you want it, and then figure out if you actually want it (that X day window until your earnest money deposit is due is ideally when you decide).

Your profile says dentist and you say you have excellent credit to get $350k business loan.House hacking is  ideal for those that need minimum down payment to get started in REI.....i.e. the owner-occupied 3.5% or 5% down.

Account Closed  yes those are the kind of notes I deal with.. much less red tape to the point of none.. that's why I like them .. plus I like them for multiple repayment sources...

Theres also this 2.5 m retail shopping center with under 50% vacancy that is ideal for some repositioning.

@Matt Hoiles, Getting a G.C license to do your own flips seems like a great ideal..., at first.

They they should ideally be liable

I guess it depends who your tenants are (an how well you screened them) - but for a young investor - it's a potentially ideal opportunity to learn how to manage a property that's easy to keep track of and maintain.I currently own and manage a property that's way on the other side of town, and managing something like this would be much more stressful for someone who's trying to learn the ropes - than it is for an experienced landlord.Living next to your tenants can (an is) less stressful than driving a long ways to your property - o - and there's the financial benefit of having tenants to pay your mortgage for you.It's the way to go IMHO.

Ideally your friend may be a bit more well off and would like to retire in something nicer than a $100k condo.

Ideally separate...