Forced to move due to new job opportunity

[Rolando Irizarry]

Hello All, 

I am just finishing up my renovations to my first Duplex in the Mt Washington neighborhood. I was looking to self-manage the property, however, a new job in a different city may affect this. My current mortgage is in my name, however, I was debating on switching from the FHA/203k Loan to a Conventional Loan based on the appraised value post renovation (even though, I should do this after the house has a track record for performance to appraise on the cash flow that the house can operate at).

Questions I have:

Does anyone have a Mini-checklist on actions that I should perform before switching from local investor to a distant Investor?  I don't really want to sell just yet, as I might move back to the area. 

Is there a big difference on when I finance out of my FHA, immediately after renovation or after some time of performance?

Any Property Manager recommendations?

[Wayne Brooks]

You don’t Need to finance out of the fha unless you want to......moving for work exempts you from having to live there for one year. Duplexes aren’t appraised on cash flow, but on comparable sales only.