Now, I'm excited to watch video 2"Your Real Estate Road Map: How to Build Out" before reading the rest.

$ 42,000.00 $ 44,100.00 (42K*1.05) $ 46,305.00   $ 48,620.25   $ 51,051.26   $ 53,603.83   $ 56,284.02   $ 59,098.22   $ 62,053.13   $ 65,155.79   $ 528,271.49 Rental value 750000-rent value   SALE PRICE= $ 221,728.51  So would I walk w/ 221K and a place to live the rest of  my life?

I think that could work except maybe buy and hold unless you will have another business name for that.I wonder what the rest think?

If I use an FHA loan to purchase my first house and then live in it for 1 year, can I rent it out after that 1 year period?

If you can buy and hold it for 3-6 months in a "Reno" period and your numbers are right taking all into consideration, offer the short sale.

Unlike a 30 or 40 year low interest loan where a lender has a longer period of time to make money.

@Felicia Hamilton Longer amortization period will give you positive cash flow.

Normally banks are pretty strict on it, insisting you live there for a certain period for an OO loan because they're selling the loan.Even if there is recourse, an LLC loan is in a different category altogether from a personal one and accordingly rates are different.

I am talking to a couple commercial lenders but they want the full Year seasoning period so I might have to wait.

Put in a 5 day option period to have professional Home Inspection or GC come through to make sure i'm not investing in a money pit. 4.