Also, with that many you may even want to get on the board if you end up buying as everything, (fees, dues increase, assessment, rule) applied to you in a multiple of 7!

These guidelines get thrown around a lot, and then I end up writing the same definition multiple times when other investors ask what they mean.

Don't forget that at least at the local commercial level most of these guys and banks know each other so if you get a good relationship (demonstrated by multiple notes with one guy) they see it and it is a confidence level for the second guy as well.I guess my long winded bottom line is develop a relationship somewhere for the first few then expand out. 

When posted the question,  I was more concerned with how easy/difficult it would be to secure conventional loans after having multiple mortgages.  

@Brandon Turner has been planning to get his license for a long time now, but he never gets around to taking the test.

I would suggest you interview multiple brokers/lenders and get comfortable with someone before you put anything under contract.

So with my end goal being to own multiple rental properties generating cashflow here are my questions:Should I start rehab in the spring and try to list right at the 1 year mark to only pay short term capital gains or wait the full 2 years and pay no tax?

I'm a landlord for my 1st house and always thought about how cool it would be to wake up to direct payments and search the estate and foreclosures ads of the paper to some coffee before stopping into a prospective pro...

If you use quickbooks payment feature, and you see anything shady going on with bill payments, contact your tenants/clients immediately to verify that they aren’t trying to pay multiple times with the same information.

He tested them and said they were fine and wrote it on paper.