I went there to have the water turned back on and started getting caught up in what the preferred order of operations should be.

Our main issue is that we are getting exhausted with people who say they're cash buyers and can't produce a POF.

Lots of cases of two students renting and it turns into 10 living there.

I think inventory is going to stay low so the quicker you can turn it around, the better and I agree, you will be in good shape when you go to sell.

It turned out great What was the outcome?

Both of the prior answers are kind of right but not really.The best wholetail is not just a quick turn.

This becomes EQUITY, which can be leveraged 4 to 1 to purchase income producing property.4.

Has anyone found success in turning your primary residence into a rental, buying a new primary with 3-5% down and repeating each year?

Last year, the city required a bank statement, which was not overly difficult for me to produce; however, this year the city of Chicago required either a homeowners exemption or a state license showing the exact address and unit for the listed AirBnB. 

Hello,A job relocation to San Francisco CA early this year is making me ponder if I should be selling my owner occupied duplex in Jersey City and buy something in Berkeley CA due to its proximity to San Francisco and has some fairly decent schools  for my kids and also UC Berkeley .The low  2.5% interest rate on the Jersey City property turned into a golden chain but I think I am done with managing tenants and property and would like to get more into an Equity play.