Be cautious about adding a bunch of beds in the bonus room, if there are not large living spaces.

Troy,You should not have an issue buying a new property with 5% down conventional or 3.5% FHA (unless your current loan is FHA) on another primary residence as long as you lived in your current for 1+ years.

Any advice or a attorney who can assist would be amazing.

We live in Phoenix and every time the ac unit goes out (every 3-4 years) it takes them at least a week, but usually 2 to have someone come out, look at the unit, then complete paperwork and requests to get a new compressor or parts.I am dealing with this right now in my personal home, and am hunting for my first investment property right now.

I doubt I'll ever get my back rent and damages back either, but I figure if they ever get their lives back on track or they win the lottery :-) I'll be in line to collect.

We already get enough bad reps from all these stupid media and politicians who never made hard-working money in their lives.

The Charlotte market is definitely hot right now, however $50k would probably not be enough for a down payment unless you were doing a live in flip.

Yes it is street legal but the owner lives in NJ and it will have to be registered and insured in FL so it is a headache

You will have to purchase the property in your name and agree to live in it for at least 12 months.

That is considering your county isn't rated at a higher cost of living.