Do that for awhile until you get more comfortable with the process and make enough connections to consider quitting a good job to enter a competitive field where you may run out of inventory at some point in the future.What's going on with your two properties that is requiring so much work?

Tanikka Myers To sum up everything I've learned in the past 6 months trying to convert a buy-and-hold portfolio from personal name (financed conventionally) to LLC: There's no real point to having the LLC so long as I want to keep my really attractive financing.I realize this is a favorite topic to argue about, and not interested in debating the point.

For your second question...Consider a FHA loan instead of a conventional.

Specifically (for those who asked):-An agent stated a property could get conventional financing when he knew it had previously fallen out of contract because the buyer was denied conventional financing because the property was inhabitable.

Iv'e noticed there isn't a big inventory of 4 bedroom homes that are pet friendly.

Did you sell conventionally with a realtor?  

You can still get up to 10 conventional mortgage loans, followed by an almost unlimited number of portfolio loans.  

@Hunter Groover, yes - it's getting a conventional mortgage with better terms to pay off the short-term high interest mortgage (HML).  

Better to have a removal pending, IMO.Are you buying this conventionally?  

As was mentioned often times there is a reason why the buyer seeking SF is not at a bank getting a conventional loan.