If turns out to be a rental (which is my expectation) then I will bank the cashflow and work towards the BRRRR strategy to add another property in the near future.What I’ve been doing lately to make dreams realty:-Listened to one or two BP Podcasts a day-Spent tons of spare time on Zillow browsing properties-Identified a single family property that has real potential to be my first deal-Gotten an insurance quote and dug up tax records on the property-Talked to a couple area realtors and chosen one whose background and experience best fits my goals-Toured the property-Crunched tons of numbers based on different scenarios-Arranged a second showing for tomorrow, with a local contractor who will be joining me for the showing to provide a quote on the work that would be needed.I am super excited for tomorrow!

But, I've found there is one caveat to my dreams.

Myself with 6 inch thick tax returns and no NON commercial underwriter can really under stand them LOL  its frustrating no doubt. but it was necessary to protect the industry.as @Chris Mason  a great private RMLO is worth their weight .. we use one in Oregon for our deals here I would never go anywhere else.. been 16 years with same person..

And they really wanted to dive into my connection to the area.Now do I know how much weight a loan committee put on each of those contributing factors?

I'm a newbie in MF so I know of this confusion firsthand.I have pointed this out a few times but your weighing in on it sure carries a whole heck of a lot more weight!

I left it low in there eyes because they were the dream tenant that pays on time and takes great care of my home.

If I can encourage or inspire others who have big dreams then it is my absolute pleasure. 

@Jason White, I can only dream of the scenario where i recoup more money than I had paid for the house in the first place - that would be an easy resolution for me - just get the money; sell to another investor as-is and walk away.

While appraisers do need to include actives/pendings in their report, a sold comparable will carry primary weight.

I have a dream of living in HI with the family someday.