I work with Eric Counts, as well.

IMHO, Spend the money where it does count: kitchen.

Last time I counted he had about 25 completed.

Account Closed In both of your scenarios you are counting on appreciation.

When it comes to business Rich, I am someone who can be counted on to create growth and increase value.

I recall saying stuff like this 9 years ago but ate my words, hahaThen a wise man told me not to count my chickens.....

In my area, an armoire attached to the wall counts as a closet.

I was following along happily here until @Ivory Hayes idea of finding seller financing was dismissed completely and you can't wait 12 little months to refi.    12 months in the long game or real estate is a blip.If you are buying a commercial asset like a 5+ unit apt building, the financials of the asset will count more heavily towards qualifying.  

You will be able to count rents from the other units that you do not occupy assuming you use a lender who does not have an overlay on this guideline.

It's tough with low unit count properties to meet the 1% rule.