However I think the area is going to improve in the next few years + have equity gains. 4 bedrooms + 3 baths seems like a decent amount of space for a tenant.

Most will cover up to 100% of the renovation costs and 70-90% of the purchase price, depending on factors like the type of property itself, your experience, credit position, and the lender’s specific guidelines.  

With your real estate background in TX and NC, you’re in a great position to transition into investing.

@Jackie LinThat’s a big decision, and with your experience in California rentals, you’re in a great position to weigh the options.

The rent rates are compressing right now and in my opinion the next 12 months are going to be rough if you do not have a enough of equity in the property.

House hacking a duplex, even with negative cash flow upfront, is a great way to build equity while learning hands-on.

Even after one year, that property may provide thousands of dollars worth of appreciation, you will pay down your loan and build some equity, and you can depreciate the asset. 

That will stop most wholesalers from calling when it appears you have no equity in your home. 

I don't know, it sounds kind of weird but my friend is kind of freaking out about potential liability since the lien was literally placed on the house essentially hours before closing. she needs to contact whoever wrote the title insurance.. the attorney is just an agent for the insurance carrier.. that should fast track.. this happens I have had it happen to me by crooks/criminals literally who put a mortgage on a property 15 minutes before my title company recorded my mortgage so when my title policy came out i was in second position not first position as my escrow instructions stated I needed to be .. 

My wife and I have a vacant lot in Tallahassee and we're looking to use the current equity to exchange for a larger single family investment property.