Some counties in Virginia loves them because they have little employment so no big population increase = more burden on schools and the tax basis is very high because of the personal property inside of them so they pay a lot in taxesAs you mention need to be near a power source and I spent 5 years trying to get one approved in 30 acre parcel that the county wanted the site for something else - so they can be challengingTo get zoning approved

@Christopher Walrod if your personal situation allows you to house hack it can be a huge shortcut to becoming a real estate investor.

But we only provide residential housing.

All that to say, PMLs are usually more concerned with the value of the property and will lend at a lower LTV regardless of ATR (ability to repay) because they know they can take the house for 65 or 70% of the value if you default in a worst case scenario.Hope this helps!

Basically, Americans are still using their houses as piggy banks, and this just gives them another way of doing that.The argument is that it is too expensive to do a cash-out refinance if you have a 3% fixed primary loan, and this will provide options.What we fail to realize is that equity in one’s home is a hedge against many things like a downturn in the economy, or inflation.

In the Phoenix market houses under 300,000 are selling fast so the BRRR strategy as an exit won't really apply unless you love the place as a rental rather than selling it.

It really depends on what types of rentals you hope to keep, if you're house hacking and flipping, etc.

I have one duplex and have been house hacking since I bought it, it's been 5 years plus I have this property and finally ready for a 2nd one, looking to see if I get another multi or a single family, any thoughts Side note I also need a bigger place since I have another child who now needs their own room.

For notices, contact her through her normal method, but also post a notice on the house AND send a registered letter to the last known address.

But the best ways to get started are, in my opinion: 1) save up enough for a 10-20% down payment and then save a lot more on top of that for reserves, overages, and any unforeseen repairs.    2) have your financial house in order and have credit above 700 to get more favorable rate and terms from lenders.   3) speak to a loan officer that is experienced with fix and flips and get the necessary documents together for a pre approval (typically not much required, usually a valid ID, LLC docs if any, and two months of bank statements showing funds for down payment and reserves).