You have a story to tell and unless there is much more to this story, I can't imagine this preventing you from getting a loan as long as you are ready and willing to put 20%-25% down on the duplex.Your rate will be higher sure, but you can refinance in a few years as your credit continues to improve.Mistakes happen.

@Kris Haskins We have Historic Commission sign off, and the third floor Building Permit ready to go, now just need to apply for change of use with the Tax Assessors office.

Wholesale the property, buy and hold (rent ready), resale to owner occupant (end buyer rehab ready).?

I'm young, Motivated, (probably dumb), and ready to build a passive income investment portfolio, should I explore some up and coming markets?

This is how you can get involved and be a part of a transaction that you otherwise aren't ready to participate in at a more skilled level yet.Time is of the essence and instead of trying to learn how to do this while it is in your hand, you should do the best thing to move the deal forward by putting your buyer in contact with the seller now.

Total current rent minus vacancy minus pm fee minus taxes minus insurance minus rent ready cost minus 10% opps.

Ready to cross over to the world of multifamily buy and hold, rehabbing/flipping, land development, REO/pre-foreclosure/short sales....If it's a deal...we're there!

I have been using the site to educate myself on a variety of subjects over the last few years and am now ready to develop my network and make my first deal.I have been renting in Syracuse and am now looking to purchase a 1-4 unit property.

This year, I've decided mostly to focus on flipping houses because I don't think I'm ready to get involved with landlording or hiring property managers, etc.I just joined my local REIA Tampa Bay chapter and will begin attending meetings, but I'm hoping to learn more about certain things online as well, things I've been having trouble narrowing down in the forums.I'm wondering about:•How hard money lenders work, and how you communicate with/propose deals that a person in that position.

For me, house rents for more than apartment so tenant in house with vacant apartment is better than vacant house with tenant in apartment so I would do this for a good tenant that I know can afford the house.Of course, leaving apartment would require tenant leave it rent ready, otherwise you would deduct needed work to make it rent ready from Security Deposit.Gets a bit tricky transferring the SD to the new house because you then don't have an SD for the apartment.