I recently made a post about my favorite house hacking strategy which is to find a house that has a basement entrance or one that has some sort of side or garage entrance that opens up to the basement stairs and turn that into a basement entrance.

If we buy NPN's in the area, it might make more sense to liquidate these at sales as opposed to taking them back as REO's.

I went to lumber liquidators and requested that I can have a personal commercial account.

It may require you to maintain a specific liquidity ratio over the life of the loan, or maintain cash reserves equal to a specific number of payments, or upon inspection prior to the loan being Funded, Require you to come out of pocket with cash, for instance, to replace the roof because it has more than two layers on it, replace or grind concrete that has heaved, or embark on a program of replacing balconies that have rotted within a certain amount of time, et cetera...

I don’t currently have the money to just pay it off but considering if I should attack the loan over the next few years or save liquid funds for future deals. 

Call or e-mail three local, licensed plumbers in your area and ask them how much it would cost for a toilet swap.

Your accountant simply takes that property off of your Schedule E and you move on. 

Quote from @Cory E.: Hey Austin,Happy to connect with you.

We only have the liquid funds to put 3.5% down for the area we are looking which is why we are thinking FHA. 

If you think I should, please recommend your favorite.