I didn’t have a large marketing budget, or any budget for that matter, so in order to send out the direct mailers I bought a list and put together 2000 yellow letters by buying the paper and envelopes in bulk at Walmart and then spending the next couple of weeks every night from midnight to 2am, after the kids were sleeping, just folding and stamping them to save money.

However, you have to take into consideration the overall size of the bedrooms, the size of the whole living space, and any areas that could be used as sleeping space.

We got an offer on the house in the first week and was able to do a 1031 exchange and purchased a  multi-unit apartment building that generates more cash flow than the  original house ever did PLUS  we can sleep at night knowing that the property is in good shape and not about to fall down on our tenants! 

@Matthew A Brady If your father is going to sleep there the majority of the week, I suspect it can be argued that the property will be his primary residence allowing him to qualify for a Fannie Mae loan with only 3% to 5% down.

I see my six isn't sufficient. 

You Can Catherine but you will come up invariably upon the Self Sufficiency Rule (or SS Rule).

Generally, the normal documentation of the transaction is sufficient proof of the “per se” exemption.

If seller is not sufficiently motivated, cash is irrelevant.

Personally, Integrity, Track record, Conservative culture, and Interests alignment are key when selecting a firm to invest with.You NEED to feel great about investing with a certain company, you need to feel that you can actually trust them and sleep well at night knowing that not only do you believe in the product you invested in, but the people behind it.

The reason I mention the 'high income' in particular is simply because right now, I seem to be a pretty solid bet for most lenders whereas I'm not sure if my net-worth in stock will be sufficient to get a good mortgage rate since my 'income-to-debt' ratio will be dramatically different.I don't intend to try taking on a bad deal in the short-term just because of the whole mortgage-lendability-risk issue, but I'm trying to figure out how much of an issue it really even is in the first place and how much I should take it into consideration.If I don't have an active income, presumably (and please, correct me if I'm wrong here) I'd still have some potential to get mortgages, but they'd be at a higher rate (e.g. maybe a couple percentage points higher)?