My plan is to buy a home to live in for 3-12 months rent it out obtain owner occupied financing on a 2nd home live in it for 3-12 months rent it out, look for a 3rd home and do the same thing again and again.What challenges do I face obtaining a multiple owner-occupied financing in a short period of time and how I can I overcome them?

As long as people are still buying and selling in a market you can still be successful in wholesaling if you understand one important principle:Price overcomes all objections.If the price of the house you are selling is cheap enough, someone will buy it.

First, I would HIGHLY recommend that you read through the archives in the Wholesaling forum.As for your questions,1) Remember that price overcomes all objections.If you are selling the property where the buyer can profit $15,000 would they be willing to pay you $5,000?

By pooling money you are opening up all kinds of obstacles, but certainly none that cannot be overcome if everything is clearly defined on the front end.

Has anyone else in Pennsylvania run into this and is there anyway to over come this obstacle?

You have have cited a few challenges but what you need to do is set a plan in place to overcome them.

I'm over 3 months into this crazy refi and just when they're about to issue the clear to close, I get blindsided by some crazy issue.Does anybody know what kind of argument I can make to overcome this lender's issue?

The biggest challenge (and this is what I had to learn the hard way) will be to overcome the decades-long stigma that has plagued the neighborhood and get prospective tenants to sign on.

It may be a little pricey, but it could be helpful in overcoming buyer objections or if you have issues post sale. 3)Plan on replacing the electrical outlets, the wire drops, and anything electrical and hvac that stood in water.

The difference is some people feed off that disappointment and start figuring out ways to overcome the obstacles, while others use the obstacles as a reason to stop striving.