My concern is that a newer investor may risk their earnest money or may be on the hook on a deal (liquidiated damages up to 3% max on CAR RPA's) because they passed their contingencies or other while being lead to believe they could have qualified.Its like banking on a hail mary...As for FHA second use, the above sounds all woo woo and easy but I just did one of these recently and the underwriter wanted 25% equity on the vacating property (first FHA property) in order to qualify at "all," using one of the four exceptions for a 2nd FHA loan ( 1) larger family, 2)separation/divorce, 3) cosignor, 4) relocation because of employment).

We looked like circus freaks- imagine riding through the mid-West in lycra, we really stood out, and not always in ways we wanted to.

Tenants without a vehicle sometimes need a ride somewhere.

I just finished up my second internship with Eli Lilly and will be spending my final year abroad, thanks to a full ride scholarship, in Santiago, Chile.

Girlfriends dont get a free ride.

I just cant find a solid Contractor (I can trust).2) Paying cash- The average house in my Market in North Carolina(Raleigh/ Charlotte)….for BRRR is 90-180k..that is a scary amount of money to pay up front.3) Comps/ Refinance-  This whole strategy rides on the hopes that the bank will Refie your project for more then you invested...   

If I put down 20% on the condo I would be able to ride out any financial storms that comes my way but, in putting 20% down I would eat up a lot my investment capital and have to start saving money again for my next purchase.

@Taylor Silker  the way I look at it there is no riding the fence.

Thank You and happy holidays  My man I suspect you are going to be in for a rough rough ride.

However they do provide utility in that the city is prone to hail the size of golf ball, so having these do protect the windows from cracking (I suppose...).