Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

I buy houses at 15%-20% of current fair market value.A hard money lender will put up Half only in this scenario.All of the various methods on this website REQUIRE finding a good deal except for owner occupied FHA/Conventional financing and that takes at least mediocre credit.

Hello,I am starting out in real estate investing (live in an owner-occupied duplex currently), and am interested in single-family homes. 

Rental Rates high seasonDaily range $125-$160 Weekly $850-$950Rental Rates low seasonDaily $105-$120Weekly $675-$800 Residential tower is one of the most sought-after residences in the beach area.The building is an icon and a staple in Panama’s beach communities– particularly amongst English-speaking expats and vacation homeowners.It’s known throughout Panama for its ideal location, breathtaking coastal views, resort-style amenities, and spacious high-quality apartments. amenities include: Direct beach accessRooftop pool and social area with panoramic beach and mountain viewsGround pool and social areaChildren’s poolFitness centerGame roomLow monthly maintenance feesCovered parking24-hour securityOther advantages: Home to an established community of English-speaking expatsA short walk to several excellent restaurants and a mini-supermarketAbout five minutes drive to the major supermarkets, banks, shopping, and more restaurantsJust over an hour from Panama City, largest city and national capitalDeveloper units have long since sold out, and people take advantage when a resale comes on the market.High resale value and reliable rental incomeThe Apartments iconic and high-demand development– occupying an exclusive and enviable waterfront position and filled with lavish amenities.The units, which sit on the 1st, 2nd, and 4th floor, each offer a prize-winning & unobstructed view of the Pacific, and a private balcony fully furnished, with modern tropical-chic décor that suits its beachfront ambience kitchenettes have also been providedNow for the numbers: average monthly rental: $2,200; property mgmt fee $115, condo maintenance fee: $68; Cable wifi $60; electric $60 mo, Rental mgmt fee: 20%; asking $185,000 USDMore detail in terms of Property insurance, taxes pending.

If you live there for a year you can buy your next one with a conventional owner occupier loan and maintain the FHA on the first.

I have a rental property that has been occupied by two tenants thus far.

That losing money is with it occupied, so even if you somehow avoid disasters - you would have vacancies to contend with.Would the family member managing the property be interested in buying it?

Dealing with empty houses is much different then having an owner occupied owner packing their stuff expecting you to close as agreed. 

I have done a 203k on a farm house that wasn't occupied since the 1970's- so you can imagine the shape that was in but once the house was done we had put up a 3300 sq ft house- it was amazing.