Both have been mentioned numerous times by guests on the Bigger Pockets podcast and I have detailed notes to both books.

There might be a handful of people in the nation that fix and flip successfully and thats it, no other business for more than 5 yrs.There are hundreds or more likely thousands of investors that buy, rehab and hold successfully and have a pot of gold in their portfolio that keeps growing.

You could strike gold and make it happen relatively cheap.

I own a house in California which has two guest units with renters that pay half of my mortgage.

I was wondering if anyone knew the difference between that status meanings when looking at a sheriff sale.

Also remember that only 1-4 units can be finances under "personal property" conventional status.

Read blogs, post questions, and the podcasts are gold!

You can then save your first time home buyer status for another property.

I believe the status will remain "pending acceptance" until the prospective tenant actually completes the SmartMove application.

Will update status later