Want to increase your chances of having a good PM, buy in a good area. 

Houston's Hurricane, Flooding) will stop a project for a long time.3.

This is a single family home and was originally a primary residence before turning it into an long-term rental.Some strategies I'm considering to grow my portfolio are using a HELOC/1039 tax exchange to purchase a second investment property/multi-family property or refinancing my current investment property into a conventional loan to utilize another FHA loan for a primary residence (with the idea of eventually turning that into another long-term rental).I currently have a 7% interest rate, and am considering refinancing in the coming months if/when the rates drop.

Friday, Feb. 14, 2025 Caveats/Considerations before applying:Time involved: These projects have long lead times between review, approval, and reimbursement.

Good luck to us both!

As you have really good credit, you would be getting close to floor rates (mid 6s).

Rent: Focus on long-term rentals to generate steady cash flow, with an eye on market conditions for any short-term rental opportunities.4.

Long story short we got our inspection back on the property we have under contract and are curious how much concessions or in what way we could ask for concessions due to the nature of the findings. 

They are around 4%, which is higher than some major cities.Could you do mid- or long-term rent well if everything fails?

But homes in the 400s, which don't typically meet those requirements make for good rent by the room houses ofte.