@Joshua G Steed I have yet to buy a mobile home at auction but have heard about them.

Because of this, now I will not buy anymore homes from him.

Then all of the extra money you paid over that 5 year time frame gets washed out the door.

They got into the business to buy homes for themselves.

Wait patiently for the tenant to buy real estate, then record the judgment in the county where the property is located in order to obtain your lien -- the balance of which has been accruing interest nicely in the interim.Anything else is a waste of resources.

Short-term sacrifices and delaying gratification will bring you abundance later in life.Definitely take advantage of your first-time home buying benefits and consider house hacking a duplex or 4-plex.

So I turned up at the county courthouse this morning with cashier's check and extra cash in hand to go up to $5k over asking. 

I would then plan to use this forced equity (since I plan to buy a fixer upper) to invest in another home.I have been constantly reading to househack right into the MFH, but this may take some time for me to acquire the money and purchasing power.

> Military husband/wife buy new home, divorce, stop paying note and hoa> Husband is erroneously removed from title by tax appraiser, HOA forecloses on wife, I buy home at auction> Now I am on title, wife and husband on note, bank cannot foreclose because husband is protected by SCRA > (more on this in the above post, but husband does not want the house back)A while after moving in I discovered water damage inside a wall where rain has been getting in due to needing a new roof. 

I wanted to know if it would be wise to buy a reasonably priced home and do house hacking.