FHA has caught on to this trend & updated the guidelines to prevent people from abusing FHA financing.Here are the guidelines directly from the FHA Handbook:Policy Exceptions Eligibility RequirementsRelocation: A Borrower may be eligible to obtain another FHA insured Mortgage without being required to sell an existing Property covered by an FHA-insured Mortgage if the Borrower is: • relocating or has relocated for an employment related reason; and • establishing or has established a new Principal Residence in an area more than 100 miles from the Borrower’s current Principal Residence.

This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that can be alot of work (and a full-time job if you are putting in sweat equity).

Any return produces infinite return and you have obtained a property with no capital cost.  

I can, if needed, obtain 70-80% financing so I have a few different ways I can structure things.  

How do you go about obtaining records of properties delinquent on taxes?

We put them to the test with an office warehouse 3 building 40,000 sq ft syndication 2 years ago and they performed as they stated.When utilizing local lenders who keep the loan in their portfolio, you CAN negotiate on rate BUT I find it much better to pay 1/4 to 1/2 point above the absolute minimum and obtain these other advantages instead.  

Within the next two months, my husband and I will be opening our first Airbnb in Denver, CO and we hope to be obtaining our second property within a year or so.Truly it is all about where and who you get your information from because look at it like this: I could watch a Youtube video and read books about heart surgery.

Towns like Romeoville, Streamwood, Aurora, and Arlington Heights take 3-4 weeks usually just to obtain a permit whereas I have seen towns like Woodridge, Plainfield and Orland Park turn around permits in 10 days.

It needed a new compressor which would've cost me $4800 vs $6600 for new AC, obtained multiple bids for both).So I had the AC installer come take a look.

We started a local art gallery and held events like weddings and other entertainment.