That being said, which of Matthew's concerns of moving out of Maine will be satisfied by him moving to DC area?

. - The lease has 2.5 months remaining, but I'd like to list and sell ASAP.- Condo is fairly small (550 sq. ft) and has two tenants and a newborn baby.- Property ownership in the area is:  30% rentals (11% above national average), 65% owner occupied, 5% vacant.- I'm impartial as to which group I sell to: investors or residential owner occupantsOptions:1) Since the lease ends June 30th, I could list it with a July 1st availability.

The first post here: https://www.biggerpockets.com/forums/432/topics/42...So whether or not I am able to buy my very first property I want to chronicle this so people can at least see the tedium and they can probably do better than me.So my objective remains more of less the same and thanks to some replies I have a little more information and I have taken some steps as well as more questions so let's begin:Requirement:ROI doesn't matter too much as long as it can sustain me a little bit and that is utilizing an FHA loan or its equivalent.It is in Jersey City heights because I still have aging parents to look out for.Like I mentioned in the previous thread I want FHA financing but I'm open to other options.As for multi-family I am willing to do multifamily or mixed if the price is rightImprovements needed should be minimal but if it can be completely fixed via an FHA loan with a 203k without incurring any additional out of pocket costs then I am for it.Vacancy doesn't matter too much because I'm sure people will want to live in the heights.Action taken so far: I still have been going to realtors and getting pre-approved for a mortgage in Wells Fargo which if you are socially awkward like I am is a big step.

I have no idea what document your tenant gave you, but I don’t think it would satisfy your burden to provide the proper notice.

Something used to rent for $1,200/mo a few short years ago is now renting for $2k/mo while the debt service and property tax remain almost the same.

The payment is $1108 per month.The remaining balance is $88K is still on the ARM but we can lock it into a Fixed Rate of 2.4% if we do it by July 31st at a monthly payment of $334.THIS IS $88k REMAINING TO USE FOR INVESTMENT PROPERTY!!!

Now its your job to remain in contact, meaning keep sending postcards or letters to your list.

If you have a great working relationship it will make it that much easier to add subsequent properties while still remaining (largely) hands-off.  

I've come across a home that was foreclosed upon in July 2015, but remains unsold. 

@Sarah NguyenFirst, you need to make certain the two remaining tenants are capable of carrying the lease on their own.