Financially this deal makes sense; however, I am concerned with the safety aspect… I must live there for a year since I am looking for an FHA loan.There are areas close by that i know can have criminal activity but I am uncertain about this specific area (1-2 mile radius).

Purchase price: $560,000 Cash invested: $55,000 The strategy going in was part live-in-flip, and part ADU value add.

Are you looking to get an investment property at 20% down or a primary residence you can house hack (rent the rooms in the house you are living in), or a primary residence (better for people who are married/have kids/don't want roommates) where you live in it for 12 months then rent it when you buy your next property to repeat the process.

I remember thinking how absolutely absurd it was to still be living this way after tripling my income, and on top of that my Wife was getting ready to graduate nursing school which would add even more income but, I had no clue how to keep it from disappearing every month and wondering what happened.

We had access to one and were about to sell but the irs told us we had to pay it all IRS has nothing to do with property taxesIn addition at death the taxable value is adjusted to the value at time of death. 

Then plug that address into the platform/software you use to pull up additional comps for similar properties.Realtor.com and redfin have a ton of free data as well.

Hey folks I’m going to live in this home for a year or so then turn it into a rental.

I have one rental property - a house that I used to live in for 5 years.

It's fair to charge for this additional work, but it's not nearly as much as placing a new tenant and shouldn't be as high.I charge 50% of a month's rent for placing a new tenant.

Quick Question: What banks would you recommend to US citizens who live overseas?