(Click to enlarge.)As you can see, financial freedom has two primary dependencies.

Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them.

When do you prefer using private money over traditional bank loans for real estate?

Be also mentally and emotionally prepared for the folks that think just because this is not your primary home, it's somehow less of a catastrophic event for you because others did lose their primary homes.That's why it's vital for you to form support networks with people who are in your same boat - ideally in the same community.This truly pains me to share - but most of the disasters I'm seeing across Western NC are going to be considered flood events and if you do not have a separate flood policy you will likely get no coverage.

I don’t know about the Louisville market, but if you have to pay a bit more for the property than a traditional single family, it should be outweighed by the fact you will have a tenant paying hopefully well over half of the mortgage. 

The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.However, this 100 mile rule can be exempted for the following rulesRelocationIncrease in family sizeVacating a joint owned propertyNon-occupying co-borrowerIf you are not trying to use FHA on your 2nd house hack, you can use conventional and the rules that I mentioned above will not be a concern and will be exempted.

Anyone looking at it for primary residence isn't going to pull the trigger with tenants until April.

If you plan on making it your primary residence, I would focus on one of the renovation loans as that will get you the best pricing.

If I rent out three bedrooms at 600 each, that is double what I would be getting.However, it seems that renting out rooms separately isn't permitted unless you actively live there with the property as a primary residence (not sure on this point).

Hi Brian,Typically Max CLTV (cumulative of first and second position) is ranging from 75-90% on a primary residence.