Hello all,I have been active on the wholesale side of things lately, but have not had a mortgage since 2013 when I exited my first live in flip.  

Hello Everyone,I'm a relatively new member living in Los Angeles and investing in my hometown of Amherst, NY (suburb of Buffalo).  

I did a couple long term live-in "flips", but nothing at a quick pace (hence first "serious" deal).

But the price point and rent usually depends on the city you live in. 

I was the one who reported the incident, when I live on the second floor.

Basically, the commercial lender wants to make sure you're not living off the property's income, it covers its own expenses with adequate margin for error, and you've got more than just your downpayment in the bank, in case you have to come out of pocket to cover some rough times.

I ask as you can only utilize an FHA loan if you'll be living in the property.

After living in the area for my entire life, I knew this was a future rental property for me, but had no intentions to immediately rent.

The house we live in right now fell out of escrow the Tues before Thanksgiving, we almost did a showing on Thanksgiving but got in on the Friday after thanksgiving, we had an offer in over the weekend and had the house under contract within the week.What we find is during the holidays, sellers are motivated, and buyers are usually less active. 

The last town I lived in (in hindsight, probably too small to live in :/) many of the traveling nurses and other non-resident staff were supplied by a third party company.