If you plan to sell the amount of interest you are paying might not be worth the hassle of a full doc loan. 

I was planning to renovate and update the property once he did decide to move out one day, so not renewing his lease would just be an opportunity to jump start that.Thanks for your comments!

I have skiptraced over 1,000 names and my partner and I cold called most of them and have also sent out thousands of postcards (which were carefully targeted) A majority of the vacant leads are owner occupied and were never vacant in the first place, based on what the owners told me.

Managing the $60,000 renovations required careful oversight to stay on budget and schedule.

@Christopher RodriguezTo get started in real estate, you need to learn a lot, meet people in the field, gain hands-on experience, and plan your finances well.

We are planning to enter the STR/MTR market(s) in Raleigh, NC and would like to connect with current investors and operators to gain insights on building out our team (cleaning, handyman services, contractors, etc.).

Go to the City in person with pictures and see who can help you get this taken care of.

I am currently house hacking a property and planning on moving out and renting out completely.

This experience reinforced the importance of collaboration, strategic planning, and flexibility in achieving successful outcomes in real estate investments with Partner Driven.

And it is only like 20 bucks/year like others mentioned so unless you plan on being locked in analysis paralysis for a year you will not even save that much...YES if you are buying turn key and plan on using property manager for everything.