A good buddy mortgage originator (my golf buddy) waiting to close deals with me.

Buy rental to rehab and rent, refinance as soon as I can with traditional mortgage.In either case I may be able to swing the repair costs on my own as long as I can make the purchase with nothing down from a HML.Of course the next trick is to find properties far anough below the ARV that it will work.

I am going to swing by and try my luck.

It does look like they are beginning to swing upward slightly - and it will be an even more exciting tim for BP when it does!

Most renters don't know how to swing a hammer or hire many contractors that swing hammers for them.

Now I could absolutely find something closer but I don't intend on being the one swinging the hammer, so I really want to develop skills so I can invest in markets that makes sense.

By the time option comes up for renewal they want to have mortgage balance less than dark value on appraisal.Most developers build for 9 caps, have 100 basis points in resale costs, and sell for 5.5 to 6.5 caps on newly minted leases ( there are some cap rate swing exceptions for larger properties, weaker tenant credit, rural micro markets, and strong credit tenants). 

I would definitely encourage you to continue down that road if you can swing it.

Yep the pendulum is going to swing too far before the laws figure out what to do with the collaborative economy.

My goals are to travel anywhere I want, whenever I want, however I want (I don't need $10k/night accommodations and first class is good enough), and play a lot of golf.