Also with conventional financing, the lender will determine the value during the first year of ownership under most circumstances as the lower of the purchase price or the appraised value, whichever is LOWER when it comes to cash out loans, they do have a delayed financing rule if you paid cash for the house and want to pull it out during the first 6 months but you will still only get to 75% LTV for an investment property based on purchase price. 

Of course I have will have pay the 10% penalty and the proceeds are taxed as ordinary income, but I can take depreciation with properties to offset it.Hope this helps and wish you best of luck in whichever decision you decide on.

I'm not a purist in any sense - I will use whichever product achieves my desired result. 

If your 401K plan allows it, you can take a loan for up to 50% or $50k, whichever is smaller. 

Account Closed whichever market you end up choosing, keeps us posted and best of luck. 

I'd recommend separating whichever aspects of the utilities can be separated.

Would you, Oleg, now go ahead and expense that roof under DMSH or whichever variant this could be put under re expensing?

You will also keep their security deposit during this time....until a new tenant or the end of their lease, whichever happens first.

Whichever CPA you talk to, mention that as a possible hiccup and see what they say.

Thanks--so they have a login to whichever bank you use and confirm that the ACH transfers have taken place?