.- Mobile has the only cancer research center along the upper gulf coast providing a wide array of medical jobs to the area.- Mobile’s low cost of living and doing business provides a desired aspect to renters that can’t be achieved elsewhere, which provides a steady influx of renters thereby decreasing vacancy rates.

Basically, take out an FHA loan for a multi-family, get 20% equity as fast as I can, and then do it again.I would look into buying an owner-occupied cosmetic fixer upper in a great area that will experience steady appreciation and rent growth.

I'm looking at fixer uppers that are considered livable (heat, plumbing, etc) and I think my DTI will be sufficient once I get renters on my current quadplex.Just trying to plan ahead, thanks!

Most developers are always looking for Capital and if you already have the project under contract you have the upper hand.

Even with today's interest rates, I'm still looking to apply the same strategy:Buy a cosmetic fixer upper with the potential to convert an existing space into an ADU (ex: detached garages) in a great area within <20 mins from a trauma 1 hospital.

You can either click on my name to get to my profile and get my e-mail address or in BP you can go to your inbox (upper right bell) and send me your e-mail address.  

I am looking purchasing my first STR in the Upper Peninsula of Michigan.

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

You can click on the magnifying glass in the upper corner to see the Robison 200 times thsi has been asked.

An investment property loan for a fixer-upper, which I won’t be moving into.2.