Cash out refi will be limited to 75% of ARV and interest rates will be higher than 3% for nonowner occupied.

Owning only one door and having it next door limits other deductions.

Buying from a builder or a preexisting house you may be able to finance 96.5% of the purchase price with lender.To me a very different process.So cons with buying land and building are the costs and availability of financing.Pros are you get what you want with the materials you want vs the more limited floorplans and materials a production builder might use. 

It's a great idea in theory, but it also puts you in a limited equity position on your primary residence should you decide to sell or move in the future.

But what some investors and aspiring homeowners may not know, is that we have big firms with insane buying power entering the market driving up prices and of course limiting the supply for the everyday investor or aspiring homeowner.

In short, you want to buy in a building with many units, modest condo fees, millions in cash reserves, permissive of long-term rentals, and not anywhere near the community's limit of percentage of units rented out.

Is it limiting?

But obviously cash (and deals) tend to limit the speed of this growth.

Signed contract with contingency that renters will vacate in 90 days.Updates along the way were renters found another place and have been moving stuff out.90 days is May 30 and just received word that the renters will not move out now.I assume our options are to back out or bend to the will of the renters.Renters are paying half the market rent (that will not even pay the mortgage let alone expenses) and I have a very limited time to rehab the house before putting in new renters.Any advice?

Can't refi until 6 months seasoning and limited to 75% of ARV.