This could expand my purchasing power immensely.

Activity DescriptionTenant recruitmentTenant screeningNegotiating and executing leasesOverseeing repairs and maintenanceCommunications with tenants and vendorsTravel timeResearch for potential rental real estate (pub 925)Acquiring rental real estate (pub 925)Paperwork/bookkeeping/bankingResearch and purchase of materialsRent collectionEvictionOn-site cleaningBill paymentOther:Time SpentDate

Common, I know, but the question that I can’t find an answer to is whether I can purchase a $100,000, 0.5 Acre lot and build a $344,000 ($86,000 per unit) on the lot as my first homebuyer’s FHA loan. 

I purchased a new build and an older home 3 years ago. 

Hi Deepak, Our group just helped two clients purchase a second / vacation home.  

Otherwise, Incline Village & Crystal Bay are one of the easier places to purchase and run a short-term rental.EAST SHORE, NEVADA - DOUGLAS COUNTYThere is a 600-permit cap, as well as a limit on density (the total percentage of STRs that may be permitted) per neighborhood area.

Purchase price: $19,000 Sale price: $20,000Got a lot under contract for $19k in Port Charlotte, FL.

My wife and I work together to purchase and manage our rental portfolio.

Usually the lender on your new purchase mortgage will allow cash out proceeds as eligible down payment contribution (provided the DTI work).

The properties have been appreciating since I started purchasing them in 2017