bumpdateSo I've looking around online and doing a bit of driving around and I'm starting to begin to narrow in on what I am looking for in a home.My apartment lease ends at the end of May and I think I want to have a home of my own by this time.I have not yet spoken to a lender about getting the money for a house, but I have enough to make a 10% downpayment on a home, I am looking to purchase something between $150-$200k for myself to live in for the next 3 years (up to 5) and then sell.I have been looking mostly at townhomes between 2-3 bedrooms, 2-3 baths, with appliances (stove, dishwasher, fridge).

5 bedrooms $150k....seems cool.was also looking @ PA to buy land to build on near a future poconos/nyc train...

Before we got to the bedroom doors the sheetrock was there but it was not taped or mudded.

I even had one leader of a club try to tell me he condo converted the building he lived in (and that he was worth 8, 15 and/or 22 million dollars depending on who you asked).

For that price no properties with 2 bedrooms are available.

Maybe 10 of so years now.In some CA cities you will see TICs as a way to do an end run around laws that prevent small buildings being converted into condos.

I also have a friend who builds condos and invests in RI in South and North Carolina.

However, sales didn't go through becasue HOA won't let the condo be a rental.

I have excellent credit, and the home I plan on purchasing is brand new, 2100 sq ft, 4 bedroom, and I plan on picking it up for 220-250k (the builder has already expressed that this price range might be accepted).

Though, I'm considering giving this deal to an investor if I can get the price down low enough.The place is a complete mess, the garage is used as a bedroom, paint colors are neon colors, countertop tiles are black, everything is outdated by @ least 10-15 yrs, but no structural damages.