I agree with Andrew’s comments particularly because this is a home you personally lived in and know intimately.

But today, my husband and I live comfortably, and we’ve traveled to 20 countries over the past few years.I’ve been listening to BiggerPockets since 2013 and was even featured on the Rookie podcast.

If you have a residential FHA loan, you may trigger a due-on-sale clause unless you have lived there for a year or have had a life changing event.

The mobile app for iOS is live again as of December 2024.

Focus on absentee owners and start with the ones who live the farthest away and only own one property in the area since they have the least use for the property.You can also drive for dollars, looking for anomalies of disrepair and then look them up in the tax records and use a site like Spokeo to do cheap skip tracing.

Quote from @Brandon Croucier: A DSCR Loan requires the property to be in LIVABLE CONDITION.Does it mean YOU would live in it?

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

The first year was challenging meaning had a tenant but not saving, it was just making my living expenses cheaper.

I don't live in CA, and wasn't aware of the Prop 13 passing to the next owner if it's parent to child and both live in it as their primary.

There are exceptions, like what was mentioned by @Nathan Gesner, if you are an employee of the property owners, and you exclusively manage their properties, if you're a resident manager, living in the building that is being managed, or if you are someone who manages properties owned by a single entity and have a direct ownership interest in it.