Some may say that's a bit aggressive, but if you have a couple of months of vacancies or more, you'll need those reserves to hold you over. 

For my first couple of deals, I was dishonest and lacked any sort of integrity.

I have been interested in residential real estate for a while and have been working the last couple years to financially be able to dip my toes in.

I have been interested in residential real estate for a while and have been working the last couple years to financially be able to dip my toes in.

Like a lot of people, I had an "awakening" after reading Rich Dad, and have spent the past couple of months reading and learning as much as I can.I'm currently living in Stuttgart, Germany, and I'm Active Duty Army.  

I suspect it will be fine, but the roads were widened there a couple years ago so it definitely needs to be checked.As you said, I'll definitely want to sit down face to face with someone before doing anything to convert it to a duplex.

long time bigger pocket podcast listener looking for boom recommendations. im going to pitch to some investors in a couple months on acquiring a large apartment complex. looking for a book that will teach me how to find and analyze aparrments and how to show in real numbers the roi, cap rate, cash on cash etc and be abke to prove how they will make more money than they do in stocks. also want ro be able to analyze different complexes for deals. thanks in advance.

So within a couple days or so of having your bid accepted, your loan has been submitted to underwriting and there's no screwing around. 

I have a couple questions: 1: my understanding is that the property has to "season" for 6 months.

If you are trying to use the "Delayed Financing" exception a couple of things you should keep in mind, #1 you must have paid all cash for the property (no borrowed funds for purchase) and no liens on the property #2 you can use the maximum LTV allowed for purchase of property (ie. for an owner occupied property 97/95% LTV or non-owner occupied max is usually 80-85% LTV) #3 must refi within 6 months of purchasing the property (so for the most part you are going to use the purchase price plus improvements rather than the new appraised value) #4 property will have to qualify condition wise within the lenders guidelines, so no major work should be outstanding like broken windows, holes in the roof, ect.