If I buy the 3 houses, I can rehab 1 of them and the other 2 would have to sit until I could afford to rehab them, probably both by the end of next year.

We're happy to sit on them or sell out, pull out our equity and move on and up.Technically they are two 4plexes, so they *could* be purchased with 2 conventional loans - however the appraisal would have to be based on the income method.

We're happy to sit on them or sell out, pull out our equity and move on and up.

I'm seeing houses sit for 4 or 5 months now with 100k in price drop and still sitting.

We're seeing stuff sit a bit in Tampa.

Maybe you and your wife should sit down and brainstorm your goals and desired outcomes and then set about making an actionable plan to move towards achieving this.

@Matthew Paul and @JD Martin and @Scott Mac combined - Let the bleach/dawn mixture sit, then pressure wash it, then seal it!

I probably have 150k equity at this point)- A SF rental with ~150k equity, no HELOCThe new property will probably need to sit for 6-12 months while I renovate.

When you are at that point, spend a few bucks and sit down with someone that will create a structure specific to you. 

As it sits it is worth around $280 ish and ARV is $340k according to me.