Multiple dwellings on property including Villa, resident quarters, guest cottages, restaurant/bar, pool.

Buying right can sometimes eliminate taking cash out of your own pocket and therefore leave the need for rehabs very small.If the property you are purchasing going to be your personal residence?

It has to do with the risk, if you can'tmake a payment are you going to pay on your primary residence or on your investment?

Section 121 says that the first $250K ($500K married filing jointly) of gain is TAX FREE if it's been your principle residence for 24 of the previous 60 months.

Does anyone offer a general policy to cover me no matter where my property resides?

I'm a beginner and the only house I bought is my current residence.

I started putting every extra nickel onto mortgages in the mid '80s, haven't had a mortgage since the late '90s, even on my personal residence.

Just thought I would introduce myself since I am a new member to this forum.I reside in Tampa and have been a successful wholesaler for a number of years.

If there is no on site management try to talk to the residents that have the most obvious pride of ownership coaches and get the scoop.

The financing is way cheaper if its your primary, you will have a payment history that will help your credit score, and if you buy right you can gain some fast equity and either sell after 2 yrs and avoid all capital gains since it was your residence, or take out a home equity line of credit to buy your next deal.