@Luke Aubut I dont have an HML for you, but i want to help a little with your education, most REO Sellers (assuming the deal is REO) require a Pre approval, not a Pre qualification, i dont know of many lenders writing pre qualifications any more as they generally are worthless.

I am also stating my education for my real estate license next week.

The most beneficial education I received was teaming up with a seasoned top producer at my office.

If it continues to make you money, there may be no reason to sell at some point to invest in your current city.

If you cease to occupy the residence as your principal residence for a continuous period of one year or more, the interest on your mortgage loan may not be deductible for Federal Income Tax purposes."

Education and networking are the real tools to success in real estate, not capital, although it certainly can help.

As long as you are "continually employed" without gaps and you can show that it is part of your "career growth" you should be fine, in my experience.

For everyone interested in understanding the Memphis, TN market conditions I suggest subscribing to the Chandler Reports Below is their report for August:"August Real Estate Update Home Sales Memphis and Shelby County home sales continued to improve through the summer.

I'm not sure if location or how long the loan would need to be seasoned, if at all...but in theory this would allow you to continue to acquire multifamily properties and the only stipulation would be that you have to move every 6-12 months to satisfy the "owner-occupant" requirement.

Any help with this would be greatly appreciated as I continue to look into my first purchase.