Most people renting an apartment are in a transitional period and have no plans of buying the condo, even if you offer owner financing.

When cold calling we are able to reach 10% of the total prospects despite dialing the same list several times over a month period.

When cold calling we are able to reach 10% of the total prospects despite dialing the same list several times over a month period.

Once you close on the loan and finish repairs you can refinance the property but you do not have to wait to put in renters is the work is completed.If you were to buy a primary home using FHA the guide lines state you must occupy the home within 60-90 days and for a 12 month period. 

They'll go 30-yr ams, and why rates may be in the 4's or 5's, the longer am and options for I/O periods will still increase your cash flow.

For example, you could move out, convert to a rental property, rent for two years (straddles three tax years), then list, sell and close before the end of the next one year period. 

Ideally, you'll have your contract assigned within the first 10 days (within your inspection period). 

Some post I have seen in the past state that you are only allowed to wholesale 5 deals per 12 month period in MI.

., there is no simple formula, as you need to look at upcoming Capex items for the rest of your projected hold period, and need to factor in appreciation (or stagnation) of values.  

Do you still add a due diligence period in your offer?