Investment Info:Single-family residence buy & hold investment.

i would cashout and keep the condo . selling it you're giving up 8-9% . you can cashout to 75% lets say for example . its about a 15% difference in equity and you keep the property 

Investment Info:Single-family residence buy & hold investment.

It's a cool way to learn, build equity, and score tax benefits.

Pre-COVID these markets had 20% to 40% of all prime inventory being held as personal residences or second homes with no desire to rent. 

Discussion has been around 4 month during initial lease up.I am not planning on going in all cash, but likely a 50/50 debt to equity.

So I have a tenant who recently moved out of my residence on good terms, actually helped me find some one to take there spot who has been a fantastic tenant so far.

so if you would pay $1600 in rent, but you could buy a duplex, and your mortgage is $2000, but you collect $800 in rent.definitely house hack - you're building equity AND saving money in this scenario.  

Congratulations on your recent investment.Moving new residents is a perfect opportunity to form rapport and set the stage for how your landlord/tenant relationship will proceed.We love to meet them at the property on or before move-in day to go over a couple critical items:We walk the home together and address any existing cosmetic issues and any open maintenance items.

It is a possibility that my Mother would at this stage gift me the down payment to take on a second primary residence loan but we are still discussing.