I am currently managing my first rental that was at one time my wife's primary residence.

I don't want to use my VA home loan for my first purchase bc you are required to reside on the property.

That way, sons pay for the down payment, make the payments, parents are the residents, and sons acquire ownership in the future.

., resident in the forums.Click on the "Education Tab" at the top of the page, and you could be spending many hours on the Information that is available.Raymond

If you can get them down to, say, two approved pets and charge market pet deposits and pet rent, that would be a solution, but I am not optimistic that will work for a pet hoarder.  

With SF illegally evicting non-problem tenants and non-documented property issues  (police reports, Lease violations or written notice to residents to Cure or Quit etc..). 

@Kay Ferdous,I'm a long time resident of Ct.The population in Ct., has been declining for at least the last 15+ years.Two longtime Gun Manufacturing Companies, and other companies left the State within the last year, and more are planning to leave. 

Another reason for distressed land is because my local housing market is a heavy sellers' market (based on my limited real estate knowledge and after what I experienced purchasing my primary residence last year) so I'm trying to use the time while the market cools a little to invest in other opportunities.

The structure seems bulletproof, but I wanted to run it by y'all to see if I'm missing something - thanks for any feedback you can offer.I bought my primary residence for $168K, and paid the mortgage down like a mad dog. 5 years later, I did a cash out refi (30 yr fixed, 3.9%) for $120K, which paid off the $34K left on the note, and used the dosh to buy an $82K rental duplex.

HI, I'm looking to purchase a duplex or single family residence or 2 bedroom / 2 bath condo in the price range of $125K - $175K in North County San Diego (Escondido, Oceanside, San Marcos, Vista).