JonathanSB 761 was created to prevent just exactly what you want to do. better to focus on loss mitigation in my opinion. they do NOT want you to be able to buy someone's house and lease it back to them. that was their whole intent when writing that law.with that being said, i'd recommend taking some training from Bruce Norton.

My opinion is that action is better than no action.

Terms in my opinion are better.

What's your opinion?

In your opinion, do you think it is safe and conservative if I were to factor 50% of gross rental for operating expenses?

Thanks Wheatie, We're going to have my father-in-law visit the property with us for a 2nd opinion, he's pretty handy as well.

Hey Guys, need your opinion...I just put in an offer on a Freddie Mac property.Decent Farmhouse on 3.2 Acres in the lovely Iowa Country with a couple outbuildings.

Most of these guys are grasping in my opinion with the regs.

Ohio is a non redemption state, thus you purchase whould be clear of all other liens outside the first. keep in mind tha appraisal is only an opinion and does not dictate the sale price at all.

Living in your first investment is really the best way to go in my opinion!