I'm most curious about the 12 month cash out refi requirement for Fannie Mae.Per Fannie Mae, "If an existing first mortgage is being paid off through the transaction, it must be at least 12 months old at the time of refinance, as measured by the note date of the existing loan to the note date of the new loan.

Total cost significantly below their current monthly rent.3- If you have to 'give them' to the current tenant to get them off your books then do if it makes sense long term.  4- Don't do purchase contracts longer than 18   months. 

Constantly tracking your progress will help you stay motivated, focused, productive and accomplished as you check off each step.Look for Learning Opportunities - You will need to be continuously building your knowledge and skills and seeking out learning opportunities in order to stay competitive and advance in your career.

If you are w2 and your employer says they won't list you as a permanent employee, you should take that as a warning that you may be laid off soon.

We are located in the Quad Cities (Bettendorf, Ia).Situation:- tenant late on December rent; had her physically drop off rent plus late fee on 12/10.- 12/13 the check of course bounces due to her putting a stop payment on the check- 12/13 I was notified that she turned off utilities on 12/12- 12/14 I provided her email stating I would be checking on the property on 12/15 (24 HR notice)- signed lease through August 2018- I have $1650 ($1350 rent and 300 pet deposit) in security deposits- upon checking on property I found that there are no items of value in my property and she had left all keys and garage door openers that I had originally provided her.

You also have more financing options due to being the owner occupant plus the option to sell after 2 years with a tax free gain if you are going the live in flip route.

I don't have large money to pay off the that lien.

Annual savings is $2797 and lifetime savings of $84KIf you kept making your same mortgage payment, you would be paid off in 24 years.

How long would it take to pay off? 

@Jarrod Ochsenbein don’t know; I was caught off guard.