A lot of people talk about abundance mentality, but that’s just using common sense to keep your cards close to you.

Is it common for the irs or the mortgage company to pursue legal action if for instance the property is mostly used as a rental instead of residence?

Until the zoning codes are relaxed in Memphis to allow more duplexes or small homes clustered on lots with with common areas, it will be too expensive to build replacement housing and rent them for under $750.

@Archie Candy Unpacking your questions lead me to a common issue with your plan.

I typically see 3 weeks for cash buyers as common. 

@Andy Mirza, It would appear that you probably have an undivided 51% interest as a tenant in common. 

Steel seems to be the most common choice for class C rental remodels.

not a bad idea, i was insistent on trying to use the VA loan but if it means a better deal trying FHA maybe i can do that. only issue is every inquiry hurts my credit score. used to be a 720 and now it's a 690 after just 2 inquiries. pretty annoying.

This is pretty common.

That has been a pretty common trend here over the past 5 years but over the past 12 months it is certainly more pronounced.