Especially in the first 12 months after buying a property, things just always seem to need fixing; prepare for it accordingly.To your FHA question - again to TJ's point - if you satisfy the 1-year live-in requirement, you can purchase another home after 1 year and use another low-down-payment product (though I'd recommend a conventional 5% down loan each time > FHA) and do another low-down house hack.

I feeling extremely uncomfortable with the situation, as is my escrow.

Some of the scammers are extremely slick.Obviously, finding lenders one-by-one at a real estate club is not as efficient at locating them in bulk online.

For now, everything is OK and I am quite satisfied with my investment but I will see what will happen next.

The problem is every lead I come across is either a) very cheap but extremely run down and maybe in a not very good part of town that would be hard to market and take a large amount of capital to fix up or b) nice and has tenants already in it (turn key type which is ideal scenario) but the owner is asking way too much for it to cash flow.I'm not frustrated to the point where I am going to stop.

We are in a extremely competitive market on Long Island, NY (the current house under contract had over 15 offers on it) and would likely be willing to wait if Wells Fargo needs to foreclose on the trust to clear the title.PS: My lawyer has been in contact with 3 large title insurers and they have declined to give title insurance until this issue is clarified.

Trying to maximize profit but also satisfy a buyer Thanks all!

I will still get a percentage of the commission for finding the buyer, but I know my client will be in good hands (and I will be following up to make sure they are satisfied).

The seller is extremely motivated.

The market has remained extremely competitive in some areas.