Also there is no restriction on acquiring conventional loan on primary residence even if you have maxed out on conventional loan for rentals.

@Jared Basker, your best route is probably to sell your current home to your parents at FMV.

@Miguel Del Mazo I “gift” my residents a small discount on their January rent.

Investment Info:Single-family residence fix & flip investment.

The tenants are currently in court with a title dispute so the house would have to be paid for cash only.I would like to convert it to a primary residence and turn the garden level into a separate two bedroom apartment for use as an in law suite.

HI Matt,You don't necessarily need to be a resident to purchase real estate in the US.

No one has ever asked me. 3) Depends on if you want longterm or short term residents. 5) We used Redstar https://www.redstarbackgrounds.com/ they give you accept/decline recommendations.

As a non-resident, I’m finding the process challenging due to factors like high upfront costs, foreign buyers’ taxes, and financing limitations.I’d love to hear your advice or experiences regarding:•Strategies to manage the high initial costs and foreign buyers’ taxes.

It appears that the parents are on the mortgage.Are they also on the deed?

When purchasing a small multi family property as a primary residence.