If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage? 

At the time, his offer was low, and I had potential plans for that space, so I turned him down.

Some of the best deals are in dysfunctional floor plans.

Hey Jacob, do you plan on expanding the portfolio?

There are dozens of problems you can face as a landlord, and I feel it's important to have a plan for all of them.

I plan to do a 1031 into a new investment property.

This strategy balances tax efficiency with proper estate planning.

Owning a home also gives you stability (ie your landlord can't decide to sell your home), flexibility to do what you want to with the home and the money you are paying is paying down your mortgage, not your landlord's.One other question is do you plan on moving anytime soon? 

Is the President-elect planning to privatize Fannie and Freddie?

For me to build I would want to see recent comps of sales for the finished project you are planning.