No area restriction as long as the deal makes sense.

The answer Sir is $10,000 - $15,000 - (possible in one months) and just think you don't have to play by the restrictive rules the state set for us agents, you don't have to worry about financing not going through, housing code violations, nasty sellers or buyers - open houses - no need to beat the bushes for listings - no need to show properties or make appointments to show properties to so called buyers who don't show up.

Buying more of a personal home is only going to restrict your investing ability so I would not advise that.

Another thought, is to also impose a per diem penalty and maybe the lender can even foot the bill for it since it is not really the buyer's fault.

I have a question regarding the Fannie Mae restrictions on the number of mortgages.

Define senior housing, there are several levels and are you deed or program restricted?

So if we went with the 1031 exchange we would be a bit restricted with how much we could use the property-I have tried to tap the equity in the LA rental property home but I was denied because it is operating as a business so I cannot get a HELOC -FWIW, this LA rental property home was my husband's childhood home originally, so I only pay like $1000 in tax annually...so that's another thing to consider...maybe I should just keep this easy rental-Any other suggestions?

Every co-op board is different, so it's at least worth look into, but they're generally more restrictive on renting.

Wanted to hear some peoples opinion on this question.Due to maximum loan restrictions for a 30 year fixed mortgage on a 2-unit building in Chicago, a portion of my loan is being financed through a HELOC.  

You might consider the possibility of disbanding the HOA but leaving deed restrictions in place.