thanx s lot Mary...that was very helpful....be sure to inform you about how the deal plays out

Judy P. please explain why it's risky not to have them on a lease?

If you were to take 1 or more of your existing portfolio and move it to a Sub S and then refinance it with a portfolio lender, you then have opened up the slots of available loans that you can do through Fannie Mae financing.

@Shamus Quirk  many benefits to this you get an owner occ loan and rates compared to non owner occ.you get multiple doors for one of your 4 loan slots instead of buying a SFR.and well I am not all that sophisticated when it comes to fine tuning a P and L..

Then, of course you don't have to wait to get on an agent's schedule to see the property (still just need listing agent's approval of the time slot).I think it's a good idea, in addition to the above, because it keeps you in the RE business.  

while a family takes their time "we need to discuss it this weekend...Joe is concerned about not having room to store his extra motorcycle...Judy doesn't like the color of the drapes, and she would really like a natural gas cooktop and not electric..."

Judy,I may be about a month premature, but I ran a property management company in Western PA for over a year; we had 82 properties.

Judy P.

The Antelope Valley was my home for a couple years back in the 90's. Lots

My clients also get an open house the weekend after it's listed (and every 3 weeks after) and are put on the brokers open tour the next slot I can get.