Anecdotal advice about a 2nd property? Bought a condo unit in 2021 and unexpectedly began renting it out last year when partner and I had to move for work. We’ve been successful. Cash flow break even. Now we are thinking about moving back, keeping property one as a rental, and buying either a condo unit/single family to live in - or extending our leverage to live in one unit of a multi family and rent out the other units in addition to our property one. Thoughts? We are also expecting a baby..

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I love slipping in the baby part at the end. As long as you can qualify and feel comfortable, no issue at all. Make the new one your primary for better terms

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Internal planning yes but, without a signed lease, you’ll have to account for no rental income while qualifying.

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