That's a big mortgage should the home go vacant for any period of time. 

By already being in a property you'd be able to refi when the rates lower instead of participating in what I expect to be a period of bidding wars.

If you hold the investment for a specific period, you may even eliminate the taxes altogether.Economic Growth:Investing in low-income areas undergoing gentrification can yield excellent returns.

I now have a 6-month lease signed with a tenant, am avoiding higher vacancy during this recessionary period, cut out 19% of expenses, and have far less headaches.

There is nothing that says you can't be under contract to sell within or before your 45 day identification period even begins.

If I do go the FHA route and live in the property, would I be able to cash out refinance the property after the “seasoning” period and pull out my equity after the rehab and tenants are in place?

I find many of those residents tend to stay for long periods of time because it is so difficult to find properties that will accept their voucher.

I have had several Colorado LLCs (single member LLCS with one single family residential rental per LLC, so very small-time) for a decade, and always file my periodic report so am in good standing with the Colorado Secretary of State, but have only just heard that I need to file a BOI report before the end of the year.

This tenant informed me they had found a new place but that they had to stay through November which was within the period prior to the increase.

.), which can be depreciated over a shorter period typically 5, 7, or 15 years rather than 27.5.