With HUD it depends on many things when purchasing.If for instance the purchase was part of the good teacher,police firefighter etc. with the discount you have to live there so many years period or you will have to repay some money.Also if your buyer bid during the owner occupant only period to get the property and will never move in that is fraudulent.Investors frequently use to do this to not wait until the investor period came.It is a crime to do this now.Some would also say they were living there to get an owner occupant loan with a lower rate.This is committing mortgage fraud.Many do things to ride the line everyday and some get burned and others do not.I wouldn't want to be on the governments radar though.So without knowing the specifics of how the transaction went down it's hard to say.If the title company says 2 years and they do a lot of HUD then I might take that at face value.I have seen HUD go out to properties before,check where mail is sent to for taxes,etc. after they were bought.

I dont recommend doing a CMA that the computer spits out because of too few datapoints.The rest of your plan sounds good and I dont think there is a shortage of houses in your area to keep the plan going.BTW some other options are Trading your property for someone who is having trouble managine small apartments, Exchanging property, O.F. with large down, getting rental commitments but not signed and appeal to commercial buyer, or Lease Option.

If any were financed, did they get commitments from the lender they were using?

Unfortunately after we bought our second rental every one of us moved to other countries (myself I moved to China) due to work commitment and we got stuck with 2 rentals which in the past 5 years miraculously we managed it remotely.The reason I found this website is that I went to an exhibition in Macau (note I was on vacation there and after a few days casino did some sightseeing and ended up there) where a company was advertising investment opportunities in the US.

She seemed to encourage me to actively seek a new tenant as its seems that the rent commitment is weighing on her.

Its a paid hobby of mine that reqiures alot of time and commitment.

I've budgeted some money for extra HVAC expenditures (5k committed, 3k overruns), unexpected framing, etc. that an inspector might see.

I've spoken to a couple of lawyers here in Florida and I've been told the way the veil gets pierced here is either through committing fraud or commingling of funds.I agree that an LLC (rather than other types of entities) seems to be the best option for rental properties for most people, although apparently some wealthy people use various types of trust arrangements.

You should offer 6 month, 12 month, and 18 month then move on to the next if they do not purchase offer your wholesale price but list a higher rent until you have a commitment and ADVERTISE IT, SOMEONE WILL TAKE IT !!!

People pose as lenders and then get you to send them money upfront either as a "due diligence cost" or "commitment fee" and then fail to fund your loan.