I tend to like to invest where there are jobs and where people are moving to********************Ranked: Population Changes in U.S. States
A demographic reshuffling is taking place across the U.S., with states in the ...

Rinse and repeat.

This can be a very expensive mistake if you don't make the phone call to check.I am not going to choose sides or define multi-family because the original post didn't ask that and also because the answer will vary from one town to the next.I encourage any current or future readers of this stream to look at the original post then follow the advice I have given and will repeat one more time - if you don't know 100% for sure if your intended use is allowed whether by change in use or grandfather status, then call the LOCAL code enforcement office, explain to them your specific situation as well as your intended use, and let THEM advise you.Disclaimer - this is not to be considered legal advice, but I am beating my head against the wall explaining it because it is an elementary lesson in real estate.Best of luck to all.

Also, the property and the additional property will continue to appreciate, and you can continue to repeat the cash-out refinance process.

Live in it for a year, and then move and repeat.

Could this affect a later sale?  

When he is there, they always opportunistically find something to bug him about (slow draining drain, changing a filter on the stove).I have asked tenants repeatedly to email requests and they continue to text them, so I reply with email.

Build - rent - refinance - repeat 

This strategy acts as a low barrier to entry to allow someone with little capital to enter the investing world, to build equity, and repeat the process to continue to build their portfolio/wealth.I would be happy to go into more detail should you ever want.

Can someone explain the contract process I know it is private property vs real property so that will affect how you go about it.