With the new Tesla semi-truck factory and 2 new battery factories coming online in the next few years, the housing shortage in Reno will continue and rents will rise.  

Just pure, glorious profit.

You also have no equity cushion, which makes selling or refinancing tricky if the market dips (or interest rates drop, as they likely will).Bottom line: if you're purely optimizing for monthly living cost, 0% down might work.

I'm in very early stages, and just purely gathering information and learning right now. 

From a purely numerical stance, equity takes the cake without question when it comes to growing wealth.

Originally posted by @Kevin Collins:@Ricardo R.From my experience so far it looks like the benefit of turnkey from REI is purely on the property management side (also tbd as they’ve yet to manage it). 

I went into it knowing it wasn't going to be a great investment compared to the rest of my portfolio, as it also provides a place my whole family can gather on occasion for vacations, so from that aspect it makes sense, but as a purely financial investment and passive investment?

My first question to you is this going to be purely an investment or do you see yourself owning something that produces but also has some personal use aspect? 

You can offer upside in the profits from the deal on a pure % ownership basis, i.e. each investor owns 25% of the project, there is $100 of profit, everyone gets $25.

I also would have kept my ~3% mortgage and used the money to buy other property, but that's more of a risk / comfort decision as opposed to purely a math problem.