If you can find those two with a desirable property and location you should be ok.

You can occupy 1 room and rent out the rest for maximum cash flow but this comes with some inconvenience as you will have to deal with roommates and you don't have 100% privacy in your property.2.

The property had good bones and a solid structure, making it a great candidate for renovations that could increase its value.

Looking forward to your advice and help.So far, I have been buying properties either from the MLS or as suggested by realtors. 

We have a telephone number for our property management business.

There were a lot of motivated sellers for every property type, especially vacant land.On the selling side, as you might expect, it took much longer to move inventory.

I know there are large property management companies that manage properties everywhere, but I am curious how they overcome all the challenges of not being near the properties.

Running the numbers on BPs "RENTAL PROPERTY" calculator somehow feels incomplete.

I think you have about 90 days to move into the property for an owner-occupied loan but I am not sure if that differs between FHA vs. conventional - @Zack Karp or @Jose Valdovinos could confirm that...Either way, I'd follow the advice of others above...give the seller two or even three separate offers that work for you. 

Hi,I'm about to close on a property in Seattle area.