Updated over 8 years ago on . Most recent reply
Buying a rental in socal - mortgage question
I own 9 rentals in the midwest, and want to buy my next one in my backyard in socal. I don't plan on living in it.
1) Can I get a regular residential mortage on it (with normal rates and down payment), or do I have to get an investment type mortgage?
2) Are there any legal time limits with how long I have to own it before I can rent it out, or anything I should watch out for like that?
3) Can I get an FHA loan for this?