(lyrics in a song, I forget what song), but that is so true.More so with younger people than older people, but we are a lot like water or electricity, seeking the path of least resistance.

It would be a shame if you had to forgo your $300k after a few years because you couldn't keep up with the payments.Either way, keep us informed; I think we're all interested to hear what happens.

@Jacob Song Not that taxes are really high compared to other places its just something to be aware of.  

@Lonnie Waliczek  HML  exist because of what you just found out.. its far and few between that you can find a bank that will do flip funding.you must be exceedingly strong financially I mean to the point the bank feels that if you goof up the flip you have other means to pay them back and that their security is not just in the asset like most loans.I have had 7 figure flip funding lines for going on 20 years now it took me 10 years with the same banker to get to that point.. we started with 100k and ended up at 15 million at one time.. but it was over the course of Many Many years.. and super strong financials and income.We started with HML and private money.. although to be fair I owned the Hard money company  LOL.

., but would strongly advocate champagne over wine.However if you want to hedge against some amazing opportunity crossing your desk that you need to be ready for, go open a HELOC for $200k or so (really whatever you can get) with a balance of $0.00.

I've submitted mine and my wife's information to two lenders (one mortgage broker, one through B&W) and we've been waiting on replies from both for pre-approval for going on two weeks.

Crank the song Home Sweet Alabama on your stereo as you pull into their driveway.

Wait for the right tenants, one month vacant is better than having to go through the whole song and dance 12 months later. 

Best advice for going from a renter, to home owner and landlord in a month or two?

If those numbers give you what you're looking for, go for it.