This is very likely the case, but verify with your plan provider.

But I think I initially meant it to be about not rushing in.

I would live in 1 of the quads initially but move out after 6-12 months or upgrades were completed (moving to new area and haven't purchased a home yet)I would use either VA loan / FHA 203k / FHA w 3.5% still figuring the right route but was trying to see if the numbers work.I am a pretty big noob at this so be kind >,<Here is a pic of my analysis http://i.imgur.com/1f4yeRB.jpg

For instance, if you get a 5/1 ARM IO the first 120 months is interest only no matter what the market rate adjusts to after the initial fixed 5 year period.My advice to my clients is that you should only do IO with more than 25% equity and in an appreciating market.

If you can verify this with a call to previous ownership then...Call police file report and send a nasty gram to wreck her credit stating she owes your company 4k to purchase furnace she toke.

However I am pretty sure what I have said is correct and I am sure someone will chime in and verify it.

I did A Lot of initial due diligence & had all the relevant info about it.

Do you want to fly my out Rich so I can verify?

I work full time and manage my own rentals (sfrs) and have been doing so for the last 5 years and I find that the vast majority of my time is spent on (1) looking for new deals; and (2) fixing up the properties when I initially purchase them.

I would like to know how many total hours a good self manager is involved in coordinating handyman, placing ad/signs, handling emails/phone calls, verifying employement/references, showing properties, movin in walkthrrough, chasing checks and etc...