Also, the bank should take that into consideration.

Considerations in determining the eligibility of a borrower for one of these exceptions are the length of time the previous property was owned by the borrower and the circumstances that compel the borrower to purchase another residence with an FHA insured mortgage.

This week I:- Adjusted the seat height of the bicycle I rent to my short term renter.

Backed out, that deal was dead.I started looking for another property and again through the MLS my agent found a townhouse (reo) in Glendale Heights that seemed promising.

In two years if the price drops AND you have to pay the 15% (or whatever it is) in capital gains then you are double screwed.My recommendation would be to sell it on a lease option with a 5% option consideration (or whatever is the going rate for the area) up front and require a minimum 12 - 18 months before the buyer can exercise their option.  

No two deals are alike when you take into consideration all the facets of any one particular deal.  

Currently I live in Alamo Heights and this might be a good area because of its proximity to Sam Houston?

This analysis ignores tax considerations. 

Hello BP prosAm a newbie here. looking to buy a property in Jc heights or Harrison , NJ for good investment(Good rentability and decent appreciation)I always knew that Jc heights is an amazing area for appreciation potential and constant rent .

Quite a bit of low priced properties for consideration in the area.