It has all the tools necessary to get into the syndication business.

Or maybe an $800K quad (FHA allows up to 4 units with this financing) and live in one of the units before repeating.Congrats again on a great strategy.

I don't mind paying for an extra hour or three to allow for travel time and a time miscalculation from me. 

This would allow us to just rent the condo without placing any financing on it, or to 1031 the funds from the sale of the condo and still have the needed funds to complete the work on our homes to accommodate them.

I have been in the mortgage business since 2003 and these same words and phrases that are stated above will always cause some folks to think now it not a good time to buy.

Up to this point, I have been paying for the mortgage out of my personal account, but moving forward, will pay from my LLC's business account.

Most likely you need to speak with the planning department and they'll tell you if it's allowed.

When we finally move to SD permanently  I plan to refinance, pay it down and reduce the loan.Does this seem like a reasonable plan or should I allow the 3% rate to lock me into that rental even though I want to use that equity to buy in SD rather than wait several more years, till I save up more for a down payment to buy in SD?

I'd seen and been part of several conversations regarding single-color-paint-schemes, and I liked the look and idea of doing it, but after talking with my brother-in-law who owns a successful painting business, and my father, who owned a successful painting business, I decided to abandon the single color scheme.The primary reason behind our choice was what you mentioned.

Which will bring plenty of other investors and general business to the area.