A Clear Roadmap: Staying Focused and StrategicReal estate investing requires patience and long-term thinking.

quick question(s): how realistic is it that you will stay in this primary house for a substantial period of time like 10 years?

@Bruce Woodruff I have built several unique stays already www.cameronranchglamping.com and some other more basic glamping sites.

You can bring in cash partners—silent partners who stay in the background—who will invest and receive a share of the cash flow, while you benefit from the upfront cash infusion.

If I go to Cancun, I want to stay longer than the conference.  

I can do cash for keys, but I would like to stay away from that if possible.

It is important to understand this and other prohibited transaction rules so you can stay out of trouble with the IRS and avoid costly penalties.

If you cannot qualify for HomeReady, SECU is a fine option and as i said before, rates should be headed down and you should have plenty of time to refi into a 30 year fixed rate so long as you are able/willing to stay in the home for an additional 12 months after the refi.

As a retired CPA, I have seen more than my share of bankrupted RE investors who were over leveraged with many properties.All the more reason to emphasize developing good due diligence practices, having some skin in the game and staying on top of legal requirements, maintenance, finance and tenant screening criteria.

By focusing on 30+ day stays, you don't run the same regulatory risks as well.