What would you do with your current residence if you planned on living in the new one to get an FHA loan?

This will allow you separate business income and expenses from personal income and expenses.Since you plan to house hack your bookkeeping and tax return preparation will be more complicated because a percentage of your home expenses will be personal deductions and some will be business deductions.

I have had wholesalers call me on my personal residence and tell me it comps at 650k.. when in fact its worth closer to 1.4 mil all day..

Quote from @Jabs Carter: Yes, I am a Texas resident but I invest out of state.

And consulting with a local attorney to ensure compliance with state-specific real estate laws, plus making sure you have the necessary permits, is a smart move.As you start, also look into state-specific rules regarding contractors and renovations, especially if you plan to flip in different states from where you reside.

Attorney’s OfficeMay 13, 2011District of New Hampshire(603) 225-1552CONCORD, NH—Former Nashua resident Walter Bressler, 42, of Frisco, Texas, pleaded guilty in U.S.

Investment Info:Single-family residence buy & hold investment.

Tenants may not occupy residence without utility service except during brief interruptions beyond your control.

Hi Jake, the fact that you're a US citizen/resident has absolutely no bearing on the process.

This is my pre-retirement preparation.