The keyword is I bought one month ago.thank you  If you did not make any improvements on the property, you will need to wait at least 90 days seasoning to refinance on a long term DSCR loan.

Sometimes the best investments are the ones you wait for.Here’s the kicker: utilities and zoning can make or break these plays.

But, since I've been in a holding pattern waiting on the Florida builds, I haven't seen a clear path forward to purchase another house while waiting for the builds to finish.That really doesn't answer the question of why you decided that your "plan" was to buy one property per year. 

For months, this was what we were following but of course when dealing with me I never make people wait so long and I pay as soon as I am able, as soon as the line item funds drop I usually send a wire or zell payment.

Hi Raghavendra,Sounds like you just need to wait till your LTR tenants move out to start setting up the property as a MTR. 

Click to enlargeVery short answer is yes I've had the due on sale clause called on me 10 timesreal estate the bank doesn't care if you buy the house subject toexecutory contract becasue it gets rid of the due on sale clause altogether20,000 of those members are actual trained students of mine Thank you Ken, for laying it all out.

Sitting around waiting and hoping will get you no where.Also, history seems to repeat itself.  

I was not able to receive a refund because I waited too late after purchasing to request one. 

If you buy it too low, in some jurisdictions they will call it "equity skimming" which is illegal.It can be very profitable, I've done many, but you really need to know what you are doing. on pre foreclosures on the West coast if you happen to do them legally .. the old owner is due 80% of the profit if you sell within 36 months.. so there is that.. but if your buying pre foreclosure for long term hold and wait out the 36 months then your fine. the reality these days is post GFC lenders/ banks/ servicers have realize that working with the buyer to reinstate recast redo the loans is far better than taking it all the way to foreclosure so your correct its usually the worse houses that make it all the way to the end and go to sale.thats why if you follow NODs  Notice of defaults or whatever they are call in your state. you see so many postponements and or removed or paid off etc.. so you hone in on one property do all this work only to have it not go  to sale  rarely are you going to buy a home that you really want LOL

So my question is: should I wait until my lease is over and then buy a multi family that I can house hack or should I buy a smaller investment property in another town now and then get a heloc when my lease is over for a house I can live in?