I think renting out a level is a grey area, but I am working to clarify this point.

So I have been studying short sales as much as possible and I have an area where I want to focus in but I didn't think my first possible deal would be at this level. I

Last Saturday I sent out a batch of 100 mailers to my AO/OO list.

Now I have to work twice as hard getting it to a level I can sell it at again without taking a huge discount and losing equity.I haven't even arrived at the fact that the seller owes a commission (depending on the contract they signed and what type it was) with the brokerage at closing seller financed or not.I work on apartment deals everyday and I can tell you if this property is a deal at all buyers with some cash will be knocking on the door.

Maintenance, Housekeeping, Accounting, HR, Legal Departments, etc.) to branch out to some local multi-family homes (within 20 minute commute to my hotels) to invest in on a personal level. I

LM Friggin' AO

The rent on the first level is $800/Mo.

In the far right corner of my Property Information Form, I list the referral source and the type of referral: -DM –Direct mail campaign-PR – Probate-AO – Absentee Owner-Other Type of Referral (Bandit Signs, Referral, Ad etc.)

You investment level is not exposed. 3.

Not sure how mobile you are (kids, wife, that want to stay where they are or able to move freely) or what your income level is, but you could rent out your current residence (rental income on that one would not count towards DTI for 2 years or more so you'd have to qualify with both payments), then buy a 4-plex as owner occupant, live in one unit for a year or two, then move on.