So, if you wanted to own a home, and have the tenants pay most of your mortgage, that could potentially be a good deal.However, as a straight investment you won't be able to use FHA anyway, and based on the 2 bedrooms currently available for rent in Derry, I don't see those apartments making enough money to even cover the mortgage, cap ex, etc., let alone making you any money. 

When you started investing, was it local or did you go straight to investing out of town?

Sometimes they don't have a checking account so they take the cash straight to a retail location like 7-Eleven.

It's a straight forward, realistic and successful strategy.

I've been positing ads on classified sites (especially for Craigslist) for 6 months straight and have gotten very few leads for the time and $ spent.

So to get the timeline straight: you went into contract, cleaned it up, found a buyer, and then discovered the massive title issues which I assume is where the dispute began?

The deal was changed to a straight assignment with no double close needed so we didn't need the documentation.Thanks for volunteering to ask your attorney.

But again, check with a mortgage person and also look at all the documents signed at the first property’s closing.I guess it comes down to, can you say with a straight face when you bought the first property, that you really intended to occupy it for a while as your primary residence and something unexpected came up forcing you to buy the second property, or would a regular person look at the pattern of facts and conclude you never intended to stay in the first property at all, but only as a temporary stop before buying another property and moving out of the first one.In good times, when mortgages get paid, it probably doesn’t matter.

I am about to make you feel uncomfortable by asking straight questions and telling you the things you don’t want to hear.To begin with – you are currently not “financially” free.

Glad to hear everyone (for the most part) is down to help fellow investors.I have rented for 14 straight years.