But then my places were always "top of the line" condition and I always looked hard at my tenants.

Some charge an origination of 6 points and 1.5% per month which seems to fall in line.

I've researched the property on-line and neither was listed as a prior lender.This all new to me, so any information is helpful.

I gave them 45 days to move, but there were on a month to month lease Actually they called me asking for 5 more days, so I didn't close till day 52. bottom line, there is nothing they can do really they will have to move sooner or later.

I guess one option is for me to live in the last unit for 2 years to get the 250k tax-free bonus, and meanwhile use a equity line against the unit to continue investing.Andy

Well the bottom line being that if you are giving advice to someone, you should take the effort to understand if the advice is actually beneficial or detrimental to the person you are giving it to with reference to their experience level.Morgan, the original poster that I oriented my remarks to, is a new investor.

On similar lines, to post in our dealmaking section, you also need a minimum number of posts.This ensures that our users are at least somewhat familiar with you, and it also ensures that you contribute to the community before making any "personal gains" from the site.I hope you can understand our policies (clearly stated in our forum rules) and ask that you abide by them in the future.Thank you.

Do you already have your financing lined up?"

Is it possible to take a equity line of credit out and purchase a smaller house and rehab and flip with the equity money?

There are some other things, pvc drain pipe from kitchen is broken from the sink to the sewer line, replace the gas water heater with a electric, a couple broke windows, storm door.