There can be limitations to financing, you could have some insurance issues and you may need an attorney in any court actions.It's a business decession.

And then he called back again, and said he would make the exclusive contract limited to the specific property only.

So giving us here some more info on what your limitations are in that regard will help us give some guidance on where to start your search.You can look for both in the same place, but will likely have better results once you've identified exactly what it is your constraints are as far as what you can actually purchase.

Welcome Carter Catlett Thats interesting, according FNMA's sellers guide "If the mortgage being delivered to Fannie Mae is secured by the borrower’s principal residence,there are no limitations on the number of properties that the borrower can currently be financing"

Here's something from Fannie's website:Gross building area, which is the total finished area (including any interior common areas, such as stairways and hallways) of the improvements based on exterior measurements, is the most common comparison for two-family to four-family properties.

Hi Gary, As I told you by PM, I'm not comfortable answering your questions with the limited info you provided and I'd be concerned about any other replies with such little known.

Joseph UniversityVillanova UniversityThomas Jefferson University Hospital Several other smaller colleges and universities in the city limits or very close proximity.

My real estate experience is limited my own personal transactions, I bought/sold a condo in NY and am having a home built on LI to live as a permanent residence which is currently wrapping up.

But none of my rental basements are near that size - the biggest is just over 600 sq ft. 10K might be high; measure the perimeter wall lengths and multiply the total by the numbers I supplied earlier to see if your quotes make sense.

Are you limited to paying cash for a house?