A hypothetical to see how people factor costs when rolling equity forward into additional purchases.For this example assume  you purchased property “A” for 100k, and put 25% down. 2 years later you sell it for 125k so you now have 50k (25k from your initial down payment + 25k in equity).

I'd like to find another home in Prattville for a rental or fixer (to rent or flip depending on different factors).  

The hassle factor of self managing is real.

(by itself probably not enough but combined with other factors it could happen) Arguably you have commited bank fraud.

-  If so, then that total (for example...monthly debt service is $2,000 and you underwrite at holding for 6 months, then you factor in that you have a total of $12,000 cash that you will be putting into the deal over that 6 month holding period) counts towards your "costs" or "cash into the deal" that you need to factor in, correct?           

@Jose LealI factor in $15k in soft costs and $10k contingency but it will depend on your specific situation. 

Hey Saed,Given your current situation, even though your W2 job isn’t related to your degree, the key factor for FHA qualification is income stability.

Only trial and error can be the deciding factor – perhaps.

it was much easier before Corona.....but since corona its a lil different....for me at least.Also it depends on a few factors....definitely open to chatting

If not, and no other factors (like in a bad area, where a lot of things might get thrown up on the roof; the foundation is moving a lot; ... ) effect it, then bi-annually or when you think you need it should be fine.Feel free to reach out to me/us any time.