Hello, I currently live in California and have been successfully managing my multiple properties in the Frisco (Texas) area for the last 3 years.

Its hard to make broad appreciation vs cash flow assessments without looking at the individuals goals and situation. 

I was in a situation similar to yours and I have a duplex corner unit with a natural basement egress and tall enough ceilings.

Personally we can start before the 6 month date but I have heard multiple customers tell me other lenders have said they cannot start the application until the 6 month date. 

Your situation is probably better for seeking out "Non-QM Lenders" or potentially other "Creative Financing" options

However I've repeatedly been faced with situations in which closing is taking months...

Hello BP.delicate situation as we bought a multifamily unit.

😜)Sometimes the money I bring may be enough to buy the whole place, sometimes it will be the deposit, but in either situation it makes it real.Second issue, Fear.The biggest fear I always encounter is the fear that the debt owed against the estate will somehow attach to him/her personally.I find articles from attorneys that most closely meet their situation and while explaining to them that, “unless they personally signed for the debt, they will never personally responsible for the debt.”

I have heard from multiple people about renters who refuse to pay rent and it may take a while to get them to leave.

I wanted to create an open discussion for some experienced investors and understand what you would do in my situation.