Hello BP Community!

[Austin Richey]

Recently found a home in my area that's worth 44,900. It's a 2 bedroom/1 full bath +1/2 bath. 2 story town home with an attached 1 car garage. I don't have enough funds to do a conventional loan at the moment. Spoke to a lender and i can finance through FHA with a downpayment 1,600. My monthly payments including taxes, mortage,insurance, and PMI would sum to 552. This is going to be my first investment home and i'm aware that I have to be owner occupied for 2 years before I can start to rent it out.

I have a few questions that I would love if the bigger pocket community can answer for me!

1. Before I go willy nilly all into a deal what should I be aware of before I set foot in the home with the reatlor?

2. Are there key things that your particular investor style automatically looks for in a home?

3. How long does it take until I can refinance to a conventional so I can make more money after my 2 year owner occupancy is up?

4. Do you think this is a good investment?

Thanks in advance,

Austin Richey