They are forced to use a third party which is expensive and time-consuming.

Annuitization of cash value, reduced paid up insurance to keep policy in-force:@ Age 65: $5,032/month@ Age 70: $8,033/month@Age 75: $13,085/monthNow for the BTID (BTSD) strategy:@ Age 65: $5,155/month@ Age 70: $7,861/month@Age 75: $10,179/monthThe maximum income from the whole life policy and BTID/BTSD strategy is about the same at age 65, but the whole life plan absolutely crushes the amount I could have withdrawn from a qualified retirement plan, like a 401(k) or IRA at age 70 and beyond.

But a few always stick in your mind as "educational moments" - I try to learn something new on every deal I am involved in.I had gotten into a MC accident, requiring surgery and a bit of downtime which also forced me to take time to think and reflect on a few things.

But you will lose the step up basis.Best would be for mom to inherit and then transfer to you although that has it's own problems.Have you also considered the impact of transferring Grandma's tax base to the new property under Prop 60/90? 

Based on what you've shared, have you considered buying a SFH that you could force some appreciation into (i.e. it needs some TLC) and taking on a roommate or two?  

Isn't it ironic how Obama boasts about how many more citizens have health insurance post-Obamacare, yet he neglects to mention that he basically forced people to either buy it or pay more taxes?

@David Krulac - in order to qualify for the additional FHA loans, are you forced to refinance before moving on to the next property? 

It factors in cash flow, loan reduction, tax impact and appreciation to help you decide short and long-term ROI.

Being forced to work with the housing authority does not sound like a fun thing to do if given the option not to.  

So my question is this, how will buying a (non owner occupied) rental property first, impact buying a primary residence later (hopefully in a few years) with a low percentage down or first time buyer type loan ?