If you're willing to move to Philly, I'm sure you can find similar success with even less $ out-of-pocket.All the best to you on your journey!

At closing you will sign a document that says this will be your primary residence, that you will move in within 60 days and live there for at least the next year.

@Michael Klick Congrats on getting things moving in your investing journey. 

Sometimes you need to know when you can hold em and when its time to fold em and move on.

I'm sure there's other stuff you'll want to factor in - what businesses are moving to and from each areas. 

Before moving forward, negotiate better terms with the hard money lender you initially spoke with and ensure the seller is fully on board with second position financing.

Our daughter lives three block from there and we thought eventually she possibly could move in there.

I would like to get connected with more private lenders in different target area preferably Huston Texas Expanding your network in Houston sounds like a great move.

Hey @Juan Antonio Villagomez, I definitely agree with the general consensus—working with a CPA who has experience in real estate is a smart move since there are nuances that can help maximize tax savings.

If one tenant moves out, the property remains cash-flow positive.