Hey everyone! My name is Jeremy. I'm a real estate investor that lives in Round Rock, TX. I've done flips and traditional rentals, but just starting to dip my toe in the water of STRI have a traditional retail in the ...

This is one of those questions where a closely reasoned, convincing argument could be made in support of almost any outcome...My own 2 cents for the short term is its likely one more constraint on the Fed to keep their tightening on its current pace rather than accelerate.

It will be a lot of work but if it allows you to buy in a year it will be a short term sacrifice.Depending on the value of your car, perhaps you could sell it and drive a junker car so that you could eliminate your car payment and use the money you were paying on the car loan towards your other debts.If you are not willing to sacrifice I would not buy in a year.

A very long story short...we no longer have that W2 income.

Sellers and brokers want to see short due diligence times, substantial deposits up front and perhaps an additional deposit at conclusion of due diligence.  

Most lenders require that the corporation be a “holding Company” only or “holdco” for short.

Long story short they've dropped the ball big time and I have an empty duplex in the Waldo area that needs work done.

But holding what should, IMHO, be short-term debt would keep me up at night looking for monsters under the bed.

I moved to Clarksville, TN in 2012 (Bought our home but will sell here shortly) and chose to rent the TX property out. 

Have plenty of equity so that is a loan option, but money needed for short term.