you expressed your intent to occupy your primary but if circumstances dictate you need to downsize, that would be justified IMHO.Others will chime in, but I think you are perfectly in your right to purchase another smaller property as owner occupant, and turn the larger one into a rental (due to hardship for example) and be OK.I don't think you need to explain this to the broker other than to assure him you intent to occupy the new property. that's all I would disclose.Others?

I am considering this route because a few of them have expressed interest to me in getting into the Phoenix market, it would be their first time acting as a lender, and would be my first time receiving private money.

There was a similar discussion here:http://www.biggerpockets.com/forums/49/topics/1917...The opinions I expressed there apply to your situation as well.

I can't express enough how much I apperciate this platform, the open honest folks here.

“We will be pursuing our legal remedies to get Detroit an accurate count.”Census Bureau officials vouched for the accuracy of the count during a Thursday press conference, but civil rights groups and politicians have expressed concern that the COVID-19 pandemic affected the outcome."""

Regarding her question about more information, I want to express the fact that we want to help and create a positive outcome to a potentially rough situation without coming off as just some investor that wants to capitalize on this situation.

I'm currently a manager of a Holiday Inn Express and I have a degree in business management.

Also know, the location is in close proximity to NYC -Westchester, NY (20 mins by train - 30 by express bus.)Okay, so here is the scenario.There is a (Legal) 4-family which I am very interested in purchasing and believe it is an excellent investment.

However since two of us will be taking the class I was going to go with Real Estate Express at only $657 total for us both.

http://www.houseflippingonline.com/Maximum-Allowable-Offer.htmlARV = After Repair ValueRE = Repair EstimateWP = Wholesale ProfitThe MAO Formula is expressed as follows: Maximum Allowable Offer = .7(ARV)- RE - WP