I stayed in mine for two years then put a tenant in it and sold it turnkey for a very nice mid 5 figure profit.  

BTW, servicers have always been required to verify loan conditions including ownership, but the above link to the Servicing Guide Bulletin was just published on August 16, 2017 (two weeks ago) so don't bellyache if your loan is called;) 

Your last two years are averaged to give you the 24 month avg net rental income that you can use as additional income on your application.Hopefully that makes sense.

I'm hoping by sending out a few thousand postcards I will get a deal or two to get me started.  

I close on two houses in East Point in Sept.

I want to close by mid-December if the house is move-in ready, a month or two earlier if it needs significant work.My question is about financing and timeline.

Abqreia meets on the third Wednesday of the month

There are two to three markets I am interested in that I have some small relationships within that I could utilize, my hometown, my wife's hometown or a place I visit often for work.My questions concern the opportunity cost of learning the ins and outs of 3 different markets when the requirements of truly knowing the market increase the chances of success.Do I select one based on distance, the potential to cash flow or appreciate, or one that I may have more connections in?

My two cents...

There were portions that I liked and portions that I thought could be improved upon.I believe that group cohesiveness and openness are two keys to creating the best environment for people to interact whether they be someone new to REI, like myself, or the most experienced member of a meetup.I am curious...What in your opinion makes for the most optimal meetup?