If I were younger (I’m pushing 50) and my SO was more on board with the whole real estate investing program I would be moving into a new low down payment property every 14-15 months as soon as I had raised the money for a new down payment.

And again, this is my market and area of town, but tenants like the character of the older home with the tall base boards, hardwood floors, arched doorways between rooms, etc.  

Chalk-it up as "company policy".

Most FSBOs trying to save money and probably don't use an attorney to write the contract...or they go to a general practice attorney, who hasn't seen this before, when they probably should be using a Board Certified Real Estate attorney, or one who is practicing real estate law for advice and approval of the contract they want to use. 

Thanks  That would be textbook mortgage fraud, which you’ve now just publicly stated on message board, you are going to need to live in the property for the year, than you can rent out.

Insurances, contractors, realtors, off market properties, cold calling, etc all seemed so difficult....BUT...After 1 year, I've now completed multiple rehabs, have more properties in the pipeline, have investors on board, and all of those worries are now just day to day operations.

Started building a team around 2014, retired from my W2 in 2015 and got licensed as an agent on a team. 5 years ago I started my own team and we are now top 1% in Milwaukee, I also host a YouTube channel about Milwaukee real estate and I am on the board or the rental property association of Wisconsin, responsible for marketing. 

At the time, my wife and I were out of town, so we told my neighbor not to be at the house, leave the key under the mat, and let the appraiser do what he needs to do.This first appraisal came in at $393,000...here's a copy of the relevant page:Appraisal #1The value was too low for my neighbor to refi, so he went back to the drawing board.

Too many charlatans on this board, and they take from the one's that are genuinely trying to make it out. 

Too many ignorant, self-righteous, clowns on this board to do that.