Some states require the lease to end at the end of a calendar month, but most states allow you to end on any day of the month as long as notice is given the proper number of days in advance.

If you owner-occupy you can finance it FHA or VA, come in with little money down, and you can skirt some of the STVR regulations in Savannah (as long as you purchase between MLK and Broad and north of 37th-ish (I forget where the exact line is.))

I believe this is achievable by using the cash flow from the previous years rental income as long as I don’t exceed the 120-130k sale price threshold that I set for myself.

As long as there is sufficient cash flow and you maintain reserve capital, leverage can be a great tool that allows for exponential growth.

Whereas, buy/hold, as long as you have your team, will bring the money in day after day, year after year.

Whereas, buy/hold, as long as you have your team, will bring the money in day after day, year after year.

It also helps if your income has been increasing year over year for as long as possible, as opposed to decreasing.

Hey Claudia, I think you're a bit low on your offer here so long as your repair number is right. 

I would think that a 13 year term loan, as long as the LTV is reasonable, would provide some security against any potential upcoming downcycle in the RE markets.But aside from the anticipated length of the deal, the far more critical factors are to evaluate each deal with cautious skepticism and also closely evaluate each sponsor's track record and especially how they performed during the last real estate cycle (sorry, but that eliminates 99% of syndicators here on BP, despite there being some very talented ones here). 

@Brian DeLormeHere is the definition of "first-time home buyer":You qualify as a first-time home buyer so long as you had no ownership interest in a main home any time within two-years before the date you acquire your new home.