I guess that's not something I would need to decide immediately, but it's something to keep in consideration.

So I'm just trying to figure out the best way to approach this so as to be considerate to the tenant (who has lived there for 12 years), as well as to not screw myself over with not being able to move in as part of the owner occupied FHA guidelines.The tenants lease expires last may and was never renewed, which defaults to a month to month.

There may be a way to transfer the title with no consideration so no 3% recording fee.

I have to find more obscure markets across the country to find properties with decent cashflow and those will not have much appreciation.That being said, here are some numbers and locations for ya.suisun city CA 150k, 5k closing costs 4/2 1890 sq ft, bought 4009, current value 362kogden UT 77k, 4k closing costs 4/2 2000+ sq ft. bought 2013, current value 150kogden UT 93k, 4k closing costs duplex (I think 2/1's, I would have to go look to be sure) bought 2014, current value 150k (this one is harder to figure out the value, maybe 130k-170k)ogden UT 93k, 4k closing costs duplex (these were actually side by side duplicate properties) bought 2014, value 150k, same as above...fairfield CA 343k 5k closing costs (my own home... not really relevant but since my dad is paying rent... kind of consider it an investment. plus there is equity I could tap...) bought 2015, current value 395k (this is california, rising as we speak!

I'm not sure if that's something to take into consideration, or if I'm just over-thinking it.  

Demand for historic Jersey City and Hudson County property continues to rise.

Also look at the annual financial report to see if they are reporting a profit or a running loss for the HOA.If this building is older plan on special assessments or monthly dues rising at a fast clip to cover ongoing repairs needed.

Second is interest rate increases.Very good insight hereWhy would the bank lock in a 50 year note at low interest right now when they know rates will be rising over the next 36 months.

Are there ethical considerations or is this just another 'creative financing opportunity'Am I the only one who has ever suffered this type of dilemma :)btw Happy Christmas and a great New Year to anyone who helps me out of this New Years problem:)

I just can't wrap my mind around someone thinking open-carry while working with clients is a good idea.There is a rule that military service has taught me... consideration of others.