I guess im just looking for some advice on how to organize a plan and present it to the right people so i can pick up more props by myself or with others..

If the property is converted to a residence, lived in a couple years and then sold, the proceeds could then be used to buy a new investment property and a new depreciation schedule started.If I 1031 into something desirable enough to live in with pride of ownership that was rented the required time, it would be more desirable to make the move then it would be to move into the rental I presently own.I guess what you are saying is the new property would need to be rented 2 years and then lived in 3 years for the total of 5 to meet the requirements for exclusion.

In my market, there are plenty of deals I see on the MLS where I know it would take an above-list-price offer to get it.That said, my guess is that this agent is just trying to earn a commission and realizes that repeatedly putting in low offers for you is not a good business model for her.

The law firm website lists them by PCT which I'm guessing stands for "Precinct" but I could be wrong.

Since the seller did not convey the property free and clear of all liens and encumbrances, my guess is that the undoing of the transaction is in order.

Thanks, Arthur.I guess being employed for the last two years and owning a business in another country counts for nothing...Questions:-Two years of w2's is what I heard from my loan broker as well.

But I guess its similar to all the other places in our world where productive dialogue needs to be regulated and imposed upon.I requested you to be a colleague, that way we can have unrestricted dialogue.

I'd guess you're looking at upwards of $200 to 300,000 to pull all that off though.

So guess there is just a safety factor for me because I know what the tenant will be like since I have rented in these areas myself.Some of the worst nightmare stories I've heard form long term investors I know (that favor SFR's now) are from 4-plex's they owned in bad parts of San Bernardino CA on blocks with mostly apartments.

I guess this is old news, but I just saw that they updated the HARP program (HARP 2.0) to include investor loans and eliminate the 125% LTV requirement.