IMO, over leveraging doesn't apply to solid cash flowing rental properties, especially if you have 6 months of reserves set aside.

Does anyone know what are some solid valid reason to buy again with the FHA loan a multi in the same city other than…..Buying out of a joint owned FHA loanNeeding more bedroomsCommute to work increasedBuying after co-signing for someone.

So, it's just a matter of liability during the escrow.If the contract is rock solid and the buyers don't mind waiting, move it over asap (I'm not sure why moving to AZ matters).

@Ryan PassiI'd consult an attorney to review your lease and give you some solid advice.

Structurally it is solid and the exterior needs minimal work. 

Structurally it is solid and the exterior needs minimal work.

Why not use this time to build a rock solid foundation for your future:- If offered, invest in your 401k up to the employer match (never turn down free money)- Save up enough cash until you can get into a solid investment (one that allows BRRRR or a hack or both)- Use the extra cash you have each month to tackle the projects/reno... if the purchase allows for a hack you can create a new rentable unit first and then use the extra income from that to do the rest of the project/remaining spaces.- After completing the remaining project rent out that space, go after your refi (which clearly has a lot of equity now because you did the work yourself, added income creating units and without pulling another loan... and you're ready and in a fantastic position for the final R - repeat!

If you want more convenience, that might put you more solidly in MA since you work in Boston.  

Do you have a solid property manager?

This is a solid policy for a Landlord Home.