I thought you were building to sell.

Newbies create a lot of different issues, however.You are probably not going to be able to use Fannie Mae as a contingency.

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

I would like to start close to home as I plan to self manage the rental side of it.

Hey everyone, I'm new to real estate investing and in the process of setting up my LLC in North Carolina.

Going to give this a listen and get back with you. 

I am looking at Carrollton ga to invest in long term rentals either SFH or small multifamily.

To record it as December, you would have to back date it and the bank reconcilation would be off.

So it does appear to be possible to get an FHA 203k loan for a 5-unit & convert to a 4-unit.When possible, aim for the Limited (aka Streamline) 203k loan, as it's less complex, not required to get an FHA consultant, etc.Of course, this is based of the two following important assumptions:1)  zoning allows for this2)  and obviously I owner occupy for at least 12 months3)  the total purchase price + renovations are within the FHA loan limits specific to my areaWhat I'm confused about is the timeline or chronological order of the process? 

Bootstrap financing How did you add value to the deal?