When you say taxes there are fed income taxes maybe long term capital gains or short term-not sure.

First you have to decide what your reason for investing is So, Decide which kind of investor you want to be (SFR, Commercial, Land, Tax Liens, Passive, HML, Multi-Family, Notes, Fix & Flip, Buy & Hold, "Subject To", apartments, duplexes, assisted living, REOs, Foreclosures, Short Sales), etc.

@Wes Short this will vary from agency to agency.

If you are going to refinance (buy a loan), then you may well consider keeping the condo for a couple of years for long term vs short term capital gains.

Thanks Ask the seller to carry the note (owner financing) for a short period of time while you find other permanent financing.

It's a very short document which states only that you are assigning all right, title, and interest in the purchase contract to another party "in exchange for valuable consideration".

All good, he got the job and started on May, 10, 2018.To make a long story short.

I could also borrow 50k from my 401k for a short periodBut I’m hoping I can just take care of it in one step with the refi

I am looking for a 4 or higher multi-family off the pennisula, or possibly a solid foreclosure in james island / west ashley for a short term rental.More than anything I need an agen t with with way more experience locally than I have. 

I did so with the intentions of negotiating a short sale with the bank, as there was an existing mortgage on the property.