I figured I would come on here and ask folks on creative ways to utilize this alongside financing options to scale into the multi units space while not waiting another 4-6 year period to repeat the process.

You are simplifying the process into a paragraph, but there are about a million ways this could go wrong.

@Nick Shri if your PMC started eviction process for the tenants as you asked them to, then usually S8 caseworker stops rent payments.Of course, all this should have been explained to you when you asked to get rid of the tenants.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Seller is going through foreclosure process ARV: $225k-255k, based on conservative comps (A buyer had put in an offer for 235k before backing out after inspection)Capital I have to work with: $35,000Rental Estimate: $1,750/mo.

Here's what I have so far:-What are your processing fee?

The advantage at least of this approach is that I could walk away, and although I'd lose my 5% deposit, that would likely be cheaper than being involved in a  long drawn out legal process as I continue to absorb holding costs (taxes/insurance/maintenance, etc.).

While you may be able to get away with not informing the county about the change in residency status, most of the legal residence application processes in SC counties to change your assessment ratio from 6% to 4% will require you to disclose if you currently claim this status elsewhere.

We are in the process of going under contract for a fix/flip and need to secure a good closing attorney.

Might come out green overall but it’ll be close.bonus: if you’re willing and capable to do an excellent t STR, which I would budget a good $40k-$50k on the furnishing/design/decor (more if you are outsourcing it all) AND are putting down 20%+, you’ll be able to have a very positive cash flow asset.