Seller is open to owner-financing (which I am hoping to negotiate) so I would have to sell or re-fi in next 5 years, so am thinking about how this factor plays in.

And with your experience in NC and SC, I believe that you can help me to understand more about the area.

stephen------------ Originally posted by Colleen F.: I have had a number of people look at a current rental and the ones that apply have been rejected so far.

I have a couple of contacts I could put you in touch with in the area if you would like at a local bank that might be able to assist you on the re-fi as you get more serious.Just so I understand correctly, a few questions/comments:1) What will your total loan and rehab costs be for the FHA product upon completion of the project? 

Hi Chris,I have rental property in Michigan and, like @Larry F., I would love to learn more to see if it's repeatable there as well.Thank you,

Keep in mind that you will have to re-fi with 20% equity to drop PMI, so to get the new $181k loan, the property would have to appraise at $217k

@Jill F. I

Originally posted by @Leon F.:I

@Jackie F. I

I'm thinking more and more about FI and wondering when I'll be ready to ditch my part time day job?