This is simply a question of priorities. Here's an idea that may cover both alternatives. Consider purchasing a 2 or 4 family home and plan to live in it. I would look for a 4 fmaily and plan to live in it at least for the 1st few years. It will qualify for a residential mortgage as long as you live in it and at lower mortgage rates. Take a 15 year mortgage that will be paid off by the time your kids will start colleage and plan to refinance at that time. In this fashion, ypur tenanats will pay off the mortgage and it will be free and clear in the 16th year. Also, be sure that the house is set up so that the tenants pay their own utilities. Hoping this helps and good luck. Merry Christmas
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