Account Closed From what I read here on the forums it is pretty rare for someone to approach a buyer about doing a lease option so if this is a strategy you are interested in I would recommend jumping on this and if the house comes with a tenant and that is the only "hurdle" associated with the deal you could be a lot worse off from my experience. 

The agent will also need to know the area that I’m investing in. I

So my first question is should i use my FHA loan to acquire my first property  (a duplex)  (live there for one year) and then move out and rent the half i lived in? I

So my first question is should i use my FHA loan to acquire my first property (a duplex) (live there for one year) and then move out and rent the half i lived in? I

As in: I move out, and you pay me for that.

If you don't plan for these, that 20% investment could start looking a lot more like a 2% investment once some expenses start coming your way.Just be sure to do all your research before jumping in. I

However, the challenge is that properties in NY are ridiculously expensive and the more affordable houses are the ones that are secluded in areas I am not sure people would want to live in. I

We are very disappointed because it has just been one month since we moved in. I

The other thing to factor in is selling expense.

Or, for some free advice, first ask a foreclosure company.Depending upon the type of hard-asses they are and how enforceable this document is, they might tell you to hire security instead of moving in. I