Multi-family properties many times provide a better return per square foot than single family, which would be to your advantage as well.As long as you're mindful of the reinvestment requirements and purchase at least as much as you sold and use all of the proceeds, you shouldn't have any issues with this strategy.

A new member shouldn't be up sold the site's products when they are just asking for general advice from the forum; not what books to buy from BP. 

For example if you sold on year 1 on a 5 year prepayment penalty, the lender would hit you with 5% of the principal balance. 

Quote from @Jonathan Grzeszczyk: David Greene has a series (Sold, Skilled, Scale) that teaches agents how to run their business like a business.

If you dont have the tools and skills to DIY and get yourself out of a tough spot then you can be SOL if the deal goes south.

House comps recent solds $555,000 up the road for 1400 sf house.

Have both homes completed and sold in less than a year.. and then are taking a much needed break from construction:)Any advice or ideas would so appreaciated!

I tied up $65k of my investment money for 3 years and sold a property after a judgement for a 5.8% return.

(Excluding FEMA insurance claims)We recently sold a home we foreclosed on in Georgia and I am pretty sure they had a specific form for disclosure of insurance claims we had to complete (my associate did all the paperwork but asked me about the form). not sure if it was fema or not.The form if there was one was optional, because Georgia is a Caveat emptor state.

It's been a great tool so far.