I mean from JPM&C side, the buyer/winning bid in the first auction?

From a lending perspective, the home in Colorado should be purchased and occupied as a 2nd home (yes, even if you're a first-time home buyer and don't own a primary residence currently).

Most people out of school want to live in the more lively areas of the metro (close to beltline / midtown / west midtown / buckhead) which are pretty dang expensive for a first time home buyer.

Long story short I signed a Buyer's Agent agreement with an agent who we had purchased through (they were listing agent on one we bought) and liked.

CfD is a legal contract between you and a buyer (aka your tenant) that states for $x down (secuirty deposit) and $x a month (monthly rent) for x months, they can live in the home.

Edmonton is a sellers market right now, so this will presentchallenges to buyers.

Or does the buyer need to use the home as an investment home?

This approach helps mitigate risk, especially in a fluctuating market, by allowing you to weather potential downturns.Your strategy of going long on USD and short on AUD is intriguing, and it's smart to consider how the currency exchange dynamics will affect your investments.Regarding the Austin market, there has been notable activity in the lower end and affordable housing segments, with many buyers entering the market as they look for opportunities.

Yes, you owe $151k, but if a cash buyer sees the value, you could minimize your losses.Legal Options: I get that hiring a lawyer isn’t feasible right now, but I would still document everything (contracts, payments, correspondence) in case you’re able to pursue the contractor legally in the future.

If you do not, and she stays but fails to pay rent, you have to proceed with giving proper notice to pay, failure of which entitles you to file an eviction.