Our business gas been selling land positions during this unprecedented downturn, leaving me with no income so now I am buying properties to fix and hold or sell-----anyway.Land is very speculative and you really need a good working knowledge about the whole process .

But don't just read 50 books and never leave your office.

so they can force me to leave?????

I'm finding that I'm coming up short on the down payment because most of my reserves I planned on using to put down for the downpayment- leaving me with 3 month's worth of "emergency funds" whereas the bank wants to see 6 month's worth.

We do update if it is extremely old/poor looking but as long as it is average we will just deep clean it and leave it.Vacancy is almost never an issue since the area is highly desired, close to highway, shopping so we typically rent at market rent or sometimes 50$ below if they are willing to sign a multiple year lease.

He would rather just leave the money in his bank account.What can I do so that I am not stuck with half of the profits but all of the tax burden?

Once they move in one of my properties its just like the "Hotel California", you can check out but you can never leave.

Originally posted by @James Mudd:...and then refinance to conventional.Okay, so you will buy with FHA with little down, pay 100% of the upfront MIP which is 1.75% of the loan amount, pay the closing costs, then over the first year pay down the LTV to under 80%, then refinance conventional and pay all the closing costs again.Sorry, it still does not make any sense.Run the numbers, you would be a lot of money ahead by just getting a conventional loan at less than 80% LTV from day one.What detail are you leaving out that makes this make sense to you?

For someone leaving a job with benefits, the realities of paying for healthcare often come as a major shock.

She's given notice that she's leaving the end of Feb, right?