As the new owner, you’ll want the lease and your landlord insurance policy to take effect as soon as you take title to the property.Temporary Lease Considerations:While short-term leases can work well, leasing to a seller long-term often leads to complications.

The total deal with debt was above $10M but the total equity in the deal was around $4M. 

The omission is intentional resulting from Fossum’s lead role in a $20-million dollar promissory loan note fraud case filed by the SEC ( Link ), which resulted in a settlement barring Fossum from engaging in similar activities, such as his role with Norada Capital Management ( Link ).The case, filed by the SEC in December 2017 and running for five years, alleges that from March 2011 to June 2016, Fossum raised over $20 million from more than 100 investors through unregistered securities offerings of three investment funds he owned and controlled: Accelerated Asset Group, Smart Money Secured Income Fund, and Turnkey Investment Fund.

But if you're able to figure it out and get it built, you can rent out the units and essentially BRRRR it and pull some/all of your equity out to repay your debts, yourself, and potentially keep the investment cycle going. 

If the market is appreciating rapidly, I'm with you—equity growth takes the lead.

They have literally help me change my life around from a direction that lead down a rabbit hole towards a life to live in peace and prosperity.

I’ve often seen this happen where initial approval is given, but debt-to-income issues arise once they discover you’re purchasing another property.

Eliminate debt, establish a budget, and save.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

There are 2 group calls per month with Jerome leading the call; it is scheduled at 2 pm PST (not ideal for most people regardless of time zone), Jerome was always late, there is no agenda or plan for the call, his phone reception was interrupted constantly to the point that his line would drop, and each call has ended abruptly with Jerome saying he had another commitment he had to get to.