That will leave you with limited funds to actually purchase the house.

I agreed to leave a buffer around the entire development but we needed the allowed density..

If you need to leave in less than a year, you need a really good reasonbecause Fannie/Freddie/FHA/VA and other secondary market makers don't like foryou to get owner occupied loans and then not stay in the property.

.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!

That ends up leaving a void that's filled by unprofessional, and in some cases outright criminal operations there in the PM space.

Then he got "too cool for school" and became a free man again.When you click the quote button, you can delete any text you don't want to include and only leave the text you do want to quote.

So, you might be able to leave just 1 outlet.

Both properties won't leave you with cash flow, since you will need to use that for turnovers etc.

The downside of that is I am leaving money on the table.

The tenant isn't stupid and knows he owes the rent, so he will probably pack up and leave before the court hearing.