Rental demand in our market is off-the-chart; the shortage of properties continues to hit historical lows year-over-year.

HUD 4000.1 (I believe) is the latest HUD handbook and it goes over all requirements for originating the loan, including but not limited to occupancy requirements and exemptions.FHA occupancy : "At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year."

This coming year set the goal of getting more committed to learn and expand my knowledge to avoid previous mistakes taken as well as to be able to effectively continue to expand my portfolio.I’m here to connect with others who are also passionate about real estate, and I’m eager to learn from your experiences, insights, and advice.

Even after moving 2.5 years ago, I continued to self-manage because I had a solid network of connections that made it pretty easy to handle remotely.That said, it eventually came down to wanting my time back.

The second company had a PM contract and due to other reasons we did not continue their services after a couple of months so tax stuff did not arise.

We normally do not seek judgement due to the expense that is involved, even after you win you have to continue to renew the judgement every year.We put them in collections and have it hit all three credit bureaus.

I'm sure the BP community would love to be continually updated as well on your progress.

Lastly, network with local investors and continue learning to refine your strategies.Good luck!

Kicker is I don't have to sell, I would simply be happy with not renting anymore and continuing to build equity.2-Correct purchase and renovate a 3-5 unit building.

Don't be afraid to go low Sunday through Thursday to get some activlty.We use Pricelabs, but only as a tool; I have to override it continuously.