They already have a track record (good or bad) with you, so you can decide based on payment history, inspections, etc.

Then I would decide to sell and 1031.

I have to decide if im going to use a new injection of capital from the sale of my primary residence to:1) Hold in treasury bills at 4.5 percent until I find another property to purchase2) Pay off one of two existing mortgages, one at 3.75 percent and another at 4.5 percent3) Just find something to buy that beats either of those percentages on paper and be done with it4) Possibly loan out some hard money/broker it to a friend to allocateIts never an easy decision, but its a good problem to have.

Many of them have restrictions that you must owner-occupy the property for a minimum number of years - or you'll have to pay it back with interest.Also, the standard mortgage requires you to owner-occupy a property for a minimum of 12 months before renting it out.

But a heads up...the best financing on these types of properties is seller/owner financing.

I pay close attention to market pricing.Thanks for the insight, Greg—I appreciate it.What are the top three things you look for when deciding where to buy in a local market?

However, based on your risk tolerance, you need to decide whether to file now or wait.

Instead of jumping on the opportunity, the rep decided to wait two days so he could bundle the appointment with another one he had nearby.

@Jonathan Greene I'm not sure what you mean by "most will not cash flow as an out-of-country investor" as it might suggest that the cash-flow of a given property has something to do with the nationality or residence of the owner but, in any case, you're absolutely correct that, historically, the net rental yields of LTRs in US cash-flow markets like the Mid-West have been typically higher than in the average European market, although that wouldn't be the case for many other US markets like California or New York.

BUT, my business was built on being kind to tenants, and fair to owners.