One of my strategies will be to put money into energy efficiency to decrease heating costs, and increase my cash flow - Maine has some good loan programs/rebates that can really help tighten up a building, and finance efficient heating, so I'll be taking advantage of those.

You would have no other insurance on the property, this is a "homeowners" policy.Mid-term rental insurance...Mid-term rental is a term that was made up outside the loan and insurance industries.

Start your first house hack by educating yourself, defining your criteria, and getting pre-approved for a loan.

AND, an even more powerful strategy to implement in today's market is to target homes for sale that have a FHA, VA or USDA loan because these loans are ASSUMABLE!  

If you live in the property there are some great owner-occupy loans available, like FHA or low money down conventional loans.

My name is Richard Pennington I am in the Raleigh North Carolina area seeking any advice on using an FHA loan or conventional  loan for my first investment property.

Try and separate emotion as best as you can from the situation.

This is a bad situation all around.

The only problem I feel I may run into with a three family is that my debt to income ratio my not be high enough for an FHA loan on a three family property.

Hi Everyone, I am trying to figure out what I should do in this situation: I have  good credit and would be able to make 20% down on my first deal.