Welcome and Semper Fi, @Roy McCuin !  

BV has great weather, access to 101, 280, not far from 80 only a T-line away from the DP (Dogpatch) and Fi-Di.We are definitely very happy with this buy.

Here is my current situation:Main residence appraised $122,000 (loan balance upon re-fi $75,000)Rehab property appraised $132,000 (purchased at $89,900)Combined Value $254,000Current Loan is $197,000 (including $34,350 construction component)We discussed keeping the mortgage balance at 80% of appraised value of my main residence upon the sale of the rehab project ($122k x.8= $97.6k) The process would encompass selling the rehab property and paying the loan balance to the 80% figure while retaining the difference acquired through the sale of the rehab...

I found it interesting that boomers wanted wi-fi more than the other generations...

You're doing it right....buy it cash then re-fi in 6 months. 

@Eric F. I

I know what to do, but my business is moving slow right now because I am using the method of buying distressed properties for cash, renovating and doing cash out re-fi which, as discussed in many post lately, requires that I wait 6 months for the refi.

@Scott F. I

@Scott F. I

When purchasing a property with an FHA loan, How long do you have to owner occupy the property before you are able to sell or refinance?