And when those all got called and we had to mark to market it was beyond our capacity to just pay everything off we had to fire sale and lose millions.

You can refi into a DSCR at the 1-year mark, buy another - rinse and repeat.That's a good idea for the House Hack, but I can tell you FHA offers are very difficult to get accepted right now, at least in Toledo.

This exemption can be used every two years.A great wealth-building strategy is to House Hack every two years, live in each house for at least two years, and then sell older House Hacks before the 5-year mark.

Hey mark, familiar with the area.

After i reached the 20% mark, i was pretty much breaking even on the property after expenses.

I can rebuild it through financing it or through using the proceeds from the rental I just sold that is currently marked for 1031 exchange.

@Teri Feeney Styers the slow flip method that I think he is referring to is the one coined by Scott Jelinek which is buying a livable property using private money on a short term (typical 60 month--like a car) and immediately marking it up 2-4 times and selling it on a 30 year term using a land contract.

It's an 860sf unit, so it would be right around the $2.00/sf mark as a LTR, if not a bit higher.I inherited an existing long-term tenant in the first floor apartment, so that unit isn't in nearly as good shape as the fully renovated upstairs unit. 

Quote from @Melody Bohannon: Prior to my investment, I asked my advisor, Mark Zabilowicz,  multiple times about the holding period and was consistently assured that I could request the return after six months.

Under mark rents on MTM terms.