This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.

Only the gain from the time you used the property as your residence qualifies for the primary residence exclusion.Happy to help look at or run through any scenarios!

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Hi All,I am new to this forum and looking for some help with this issue that i have with my condo that is rented out.

Building relationships and learning from others can help avoid costly mistakes and ensure the property will cash flow or break even in worst-case scenarios.Good luck!

These strategies help you maintain your current mortgage while acquiring additional properties.Good luck!

I’d say give both a shot and see which platform fits your style better.Hope that helps!

Here are some ideas that might help:1.

This is because you have a very low barrier to entry with the downpayment, and you know your neighborhood better than any other!

It would help if we could increase the supply of more desirable housing to match the demand for it.