My original plan was to refinance my primary residence out of the FHA ( about 200k equity) then purchase the quad FHA( owner occupied), rent out my house and have money left to find another property...Help me see this clear , thank you

However, if it is a tax “resale” then you are actually buying a free and clear property.

@Tim Swierczek Thanks for clearing up my misunderstanding about Lender and IRS requirements.

Sorry, maybe I wasn’t clear.

If property was free and clear, then the owner of the property should get the fair market value first from proceeds of the sale.What was the purpose to do 50/50 and how do you legally wrote that house contribution?

The complete agreement between the contractor and the owner and a clear description of any other documents which are part of the agreement.The full names, federal I.D. number (if applicable), addresses (NOT P.O.

Right now, the economy at large is enjoying a time of low unemployment and increased housing values, which may make places like Auburn look better than it is, but I would guess when/if there is a downturn, the types of tenants you would get would be some of the first on the chopping block when companies look to 'cut costs'.

That clears it up! 

In your situation, have you finally cut your loses and tried to find someone else? 

I have looked at the laws but, as you might imagine, there is not a clear black and white statement on this.