I'm about to use about that much to buy me a nice little 6 unit.

for sure it can be done after the fact I have to do corrective deeds at least 2 to 3 times a year were title messed up the spelling of one of my LLC's and it has to be corrected after the fact. 

Buy the worst house in a great neighborhood and fix up.  

The 2nd PML would only be up to 65-70% LTV.

I needed something small to learn from and for my mother How did you find this deal and how did you negotiate it?

The other thing is that there will be no financing contingency of course, so you can't get your emd back if the loan falls through because, well, there's not supposed to be a loan.I would just get a preapproval letter and offer that.

My question is, is it a good idea to try to rent the property or should I try to sell it?

I wanted to wish a Happy Holidays to everyone on Bigger Pockets.

I am about to leave for the Army for the airborne and my wife is about to get her real estate license. 

Due to the high interest rate, it is hard to make the strategy work -- the rent to price ratio needs to be very high (1.5%) to make positive cash flow.