Initially we thought weekends for football games, homecoming, graduation and ect would be our clientele but  I’m liking the idea of weekly stays from these types of guests.  

The key occupancy requirement for FHA loans is at the time of the original purchase—usually requiring you to live in the home for at least a year.If you've met the initial FHA loan requirement of living in the property for 12 months (which you would have by November 2024), you're typically free to move out and house-hack again, even if you choose the FHA streamline option If your goal is to acquire another property in Q1 2025, refinancing via FHA streamline shouldn’t prevent that.

Landlords must follow the proper legal eviction process, even if the tenant is no longer paying rent or utilities.Since your "friend" has already initiated the eviction process and is waiting for the sheriff to remove the tenant, it's important to let that process play out legally.

Good morning,Still a newbie but I've found a four in my area that is "For Sale By Owner" that my initial underwriting, from the info I can find, shows it to be a property that would fit my CoC and CF criteria.

@DemarquisMaybe initially see  if you can do a Joint Venture with an experienced investor to get feet wet

Annual cash flow is around $40k.Total initial investment is around $120k.

Investing in multifamily properties aligns with long-term goals, but may require larger down payments and may be less accessible initially.

I see a number of economic development and community vitality initiatives initiated circa 2020, including a community master plan, the development of the MetroHealth complex and associated green space, the Community Housing Plan 2030, 25Connects, Mayor Frank Jackson's Neighborhood Transformation Initiative, and others.

My initial challenge is figuring out how to get funding, as I don't really have a bit amount of money to put down just yet.

So far with the properties that have looked promising we have utilized the calculated NOI / Cap rate to determine the value and every one we have done has come up way lower than the asking price and in one instance came up less that what the current owner paid for the place initially.