Help what should I do to gain entry

The benefit of this over FHA is that PMI automatically falls off a 78% (or you can request it at 80%) LTV.

I am hopefully missing out on other important benefits or maybe not ?

Just for giggles, maybe he started by wholesaling and made enough to buy his first place that way.So he wholesaled maybe 10 properties netted himself maybe 50 K, used that 50 to buy his first multiple , then he added some value held it for a year , then sold it for a gain on his money of lets say 85 K, and during this time wholesaled 10 more properties giving himself 135 k.

And if as predicted interest rates rising to near 5% it will wipe out most gains of appreciation come over the next 12 months or so.

If I were to flip this house I estimate I would clear $15K (after RE fees & capital gains tax) which would give me plenty of funds to purchase a newer vehicle.

You’d be saving more money that way than you’d earn in cash flow, and you get all the benefits of owner-occupied property (homestead tax rates, etc).

What would the benefits of seller financing be vs. say an ARM?

Hi for those of you that live in a multi unit (1-4 units)  I was wondering how you take the owner exempt cap gains writeoff ?

Also second questions: in future if I decide to move into the SFR in lets say 3 years then I live in it for another 2-3 years could I then resell that with owner occ exemtpion on capital gains of $250k.