Some banks want you to wait 6 months, others have exceptions specifically allowing you to do it before 6 are months up.

Over the last ten years, inflation has been about 3%, and I can't find appreciation numbers for Peoria that allow for a one-to-one comparison, but homes seem to have appreciated about 50% since the pandemic while holding basically steady for a few years before. https://www.zillow.com/home-values/19903/peoria-il/Maybe there's a market somewhere in the US where home price increases haven't kept pace with inflation over time, but it certainly would be an exception, and this market is not.Regarding asset protection, it's up to OP and her team to decide, but I don't think she's going to need more than a single insurance policy while just starting out.

Is to be saleable and relevant the home generally needs massive upgrades to make it modern.. your not going to get top dollar for a home thats been a rental for 15 years and is as is.. ( with the exception of high priced coastal markets ) .

All hands off except answering guests questions. 

Now nothing can be done to the house except to bring it down.Most of these issues are things I should have identified before buying the house, had I done a thorough due diligence as most of my assumptions were wrong.The purpose of this post is to educate new and aspiring real estate investors on steps to take when New Acquisitions is involved in the sale of a house.

I cannot communicate with the tenant (except maybe via letter).

Dot plot projecting 75 bps reduction.In other word, all previous forecasting using RRP that Fed is reducing rate is ............. working perfectly.Market is also predicting it perfecly.Everyone wins except Powell because he raised the inflation too fast and he wants to print money again too fast too lolthese guys aretruly doesn't understand what they are doing.if they keep the rate at 3.75% from beginning we would see less foreclosure.

I know there are great realtors who does their job exceptionally well but do they need to be paid 3% on all transactions whether it's $200k or $600k sales price.

Payment standards are 90% to 110% of FMR unless an exception is granted.

The exception is one guy I remember telling me I was a loser and how much “further along in life” he was than me because he had bought a house, bought a car and was going to school.”