It also plays a role in how some of the people here made it big, but you now question their ability.That guy who has his face all over ODC basically has shown that he's got no real ability, he was pure luck.

I would buy a primary residence and this answer is purely based on your situation.. bc I already own my home and have income properties.

The market here has become pure chaos. 

It would be purely an investment property and not owner-occupied.Is this down payment requirement the norm when dealing with multi-family residential properties?

Purchase two more investment properties; while I still have a W-2 form.This will be my first pure investment properties, so have to research the best market for where to go.Preliminary analysis rules out 3 of my current markets, as I don’t see the returns there.5.

@Rick Albert assuming that in your situation you and your investor are owning/managing these as purely investments and thus holding everything via a partnership operating agreement?  

I realize costs will vary from location to location but if you brought me a deal with the repairs being less than $20/sqft for anything much more than a pure carpet and paint rehab I would tell you that you were nuts and it would be WAY more than your estimates.

I agree that it is purely a preference.

As we have built are careers up we save one income and invest the other into pure rentals.

Purely financially it seems like a terrible idea as there are plenty of places with as good or better returns with far less risk.