All Forum Posts by: Austin V.

Good Catch Rusty Thompson that would be consistent with my local area zoning as well. Tony G -Glad to meet someone else who is local. These mining towns tend to be wildly cyclical based on commodity prices but when times are good, they are really good. Thanks for all the feedback, I will keep everybody updated as plans roll out.

Like Joe said, My understanding is that if you do not complete the purchase as you said that they could potentially pull your NAID #. You may have to go through the process of sending the money, and cancel during inspection period to avoid the risk.

I am located in a rural area of Arizona. Currently we are experiencing very high demand from several mines that are hiring in the area, rents have jumped 50% during the last 2 years and I have a waiting list for my other properties. However I want to be ready to weather the next mining downturn with quality tenants that aren't dependent on mining. Also because of the low interest and fixed rate of an FHA mortgage(and the fact that I am going to be living in one of the units) I would prefer to go with larger sized units. I guess I could always set it up as 4/2 with a large kitchen and living room that could later be divided into 8 2/1's after my occupancy requirement has expired :).

I am going to be constructing a 4-plex to live in as an owner occupant with an FHA Loan. I was wondering what everyone sees as the best configuration for low turnover and help me to maintain a competitive edge. I was considering doing 4/2 1250 square feet units but am also considering 3/2 and possible even 2/2 or 2/1. I had a 4-plex in the Phoenix market that was a 1/1 and the turnover was very high and the tenant mix was very high maintenance.

Also curious if anyone has insight on a single vs 2-story unit?