There are currently tenants in both units, but both leases expire over the next couple months.

@Ethan Blue Hey Ethan, we hope to see you at the next retreat. 

Hey Guys, I've been in the Birmingham Market my whole life!

Using a 203k, you'll usually have quite a bit of equity that in 1-2 years you should be able to refi out of the FHA loan product into a conventional removing the MI associated with FHA loan products. 

Did you put in the carpet when all the properties in the comps you pulled are selling with luxury vinyl..

So I chose Proverbs 3:9 LLC: "Honor the Lord with your wealth, with the firstfruits of all your crops."

Since the original loan remains in the seller’s name, you may need a nominee interest allocation to deduct mortgage interest, as the Form 1098 will likely be issued to the seller.

Additionally, the beach is still within reach...just a short 1 hour flight or 6 hour drive.  

I am a newbie in BP, just started listening all the podcasts, fascinated by the community!

Just be super clear in the lease.