Sorry for the delayed I'm still learning how to use the app I work any zip code within 5 mines of downtown James Syed

@Becca Summers I apologize for the delayed response but got very busy with work.

There's no reason to delay that by having a material part of my wealth in an account where I would be penalized for early withdrawal.

A lease or other written evidence to verify occupancy is required.So basically if the seller rents it out it may delay their sale as they'll need six full months of rental income receipt prior to the buyer being able to buy at 96.5% LTV or 3.5% down payment.

I assume that this means that unless there is some delay, the first will beat us to FC? 

@Ramsey HowardIf you are worried about tying up you LOC in one transaction when buying a rental, you should look into delayed financing.  

If you hire a management company they handle all the legal issues and screen the tenant for you and charge a minimal fee, that varies by location so discuss this with them.

Fast forward a bit… We both decided to use the same realtor as we had heard of horror stories of one party’s realtor messing up the whole thing and causing delays.

So it is only worth it to me to build something if I have minimal cash exposure.

They are fantastic for allowing me to be hands-off, my headaches are minimal, and I can rely on other people's expertise....expertise I'd never have (or want) on my own.So, I'm a vote for them!