There were some other issues with the building as well so we decided to cancel the contract and fly home.

The seller received multiple offers and agreed to accept mine—on the condition that I waive the appraisal contingency.The biggest concern was the lack of strong comparable sales in the area.

We're willing to live almost anywhere in the greater Sacramento area based on what we can afford, provided of course that the property is in a decent neighborhood that has a good chance of attracting responsible tenants.As for budget, I believe we could get a conventional loan for properties up to $600k, but my strong preference is to find a distressed property (or seller!)

Down the road you can afford a farm once you have strong income and have let your investments compound.

@Christina ChatzoglouHouse hacking in Union City, NJ can be a smart move due to its strong rental demand, multifamily inventory, and commuter-friendly location.

•Instead of transferring the title, consider using strong landlord insurance, an umbrella policy, or a land trust (with your LLC as the beneficiary) for added liability protection.Your FHA Loan Potential for Another Property•Since your first home is already a rental but was likely purchased with an FHA loan, you may still be eligible for another FHA loan—but only if you meet one of these conditions:•You relocate at least 100 miles away from your current home.

Seeing your intro is a breath of fresh air.. what's your next step in building a strong investment network?

I'm a licensed contractor in NYC and I have a good friend who's family owns a property here in Crown Heights Brooklyn that’s basically all paid off and taxes are up to date. There's anywhere from $1.5 to $2,000,000 in...

I strongly recommend that you start the eviction process immediately.

Makes sense, but still frustrating.How should I handle the move-out part and make my application strong enough to convince the lender?