I'm not up to date on conventional loans but I would speak to your mortgage lender about the ins and outs of both.Why not find a less expensive place to live....something that you could qualify for?

I have 5 units with leases beginning shortly after purchase (Lease start dates of November, September, February, June and April.

We haven't to date experienced any competition from foreign investors when purchasing.We do tend to by very run down properties that need whole teams in place to be able to turn them around.Most foreign investors are only interested in turn key.I must say tho that a few fellow Australian investors have tried buying wholesale and doing the work themselves from overseas.I am sure you can imagine it didn't turn out to good for them :(Thanks and have a great day.

The Seller's data may be dated in that regards.

List dated 2/7/14 (55k), Sold date of 4/24/14 (51k).I was working with a real estate agent (******* of Coldwell Banker), which I had submitted an original offer of 53,444$ on 2/8/14.

Make all your payments on time (even early), keep your lender up to date on your progress and don't jump ship the first time someone offers you cheaper money.

If you think there is a good chance the market stays strong and the place will increase in value (and maybe force some appreciation by getting a dated one and modernizing it while you are living there) you can sell, get a quick profit, and since it was your primary any gain is tax free.

We use our CC for everything so I pay a few thousand per month and found then when I pay in full the day before the statement date my credit goes up.

I run P&L detail report by class and date filters, this allows me to see each address and you can sort however you wish

We allowed the buyer to pick the closing date to give him the time he needed.