You just have to be prepared and ready for the small window of opportunity that exists in seller's markets.All the best!

Your commitment is to live in it for 12 months...and then you can do it again and again!

If the General Partner commits fraud, the "bad boy" carve-outs in the loan would allow Freddie and Fannie to go after the KPs for any amounts lost. 

Please understand that the purpose of this post is to learn what options exist, how they work, and what can and cannot be done, with legal options strictly being the only ones to entertain.

Hey BP community,
I’ve spent the better part of a decade working with a client whose background is in acquisitions and analysis for some of the larger funds in the country. We’ve been talking lately about the Birming...

The numbers at our existing place are excellent.  

Start with your existing ecosystemYour management portfolio is a major asset.

Note FHA is only for owner-occupied 1-4 family properties.You’re ALWAYS better off investing locally, where it’s easier to:Learn the marketNetwork to find dealsNetwork to find contractorsBe more hands-onDriveby property to keep tabs on itNetwork to find a decent Property Management Company (PMC)Next best location is somewhere else you lived, where you have an existing network of family & friends to help you as accomplish the above list as needed.If you invest OOS, your biggest challenge won't be finding properties to meet your goals on paper, it’ll be successfully outsourcing all of the above.The biggest mistake we see OOS investors making in our market, over and over again, is not fully understanding Neighborhood/Property/Tenant Classes and how they impact your probability of success!

Many things can happen and having a centralized place where an accounting history exists has a lot of value. 2.

Using this, you can create a new report by combining data from one or two other reports from the existing bunch which I dont think many other softwares offer.