Hi @Eugene Cheng, Yes, you must acquire one or more replacement properties that you identified during your 45 calendar day identification period. 

@Joe Villeneuve- I am not sure if I can achieve the 1 year payback period without flipping or BRRRR.

Do you periodically siphen funds from the operating company to the holding company so as to limit exposure? 

I bought 4 places in just over 1 year and sold my very first rental in that same period (it allowed me to buy the last two). 

Your cash-on-cash ROI is higher after your refi, so consider finding a lender with a lower seasoning period. 

Thus whenever a sale occurs they will assess at the sale price and then adjust up every reassessment period by an estimated amount. 

The term “residing” shall mean occupancy of the premises by a person for more than ten days in any six month period.”So if I’m understanding correctly, someone not on the lease can stay there a total of 10 days during a 6 month period and then after can’t until that 6 month period is over?

Now I do plan on being in my house for that period of time, but it just didn't seem to be worth the hassle since I'm pretty frugal with electricity anyway and my bill is pretty reasonable.

In one of the states I operate, a MTM and 1 Year lease has the same unconditional notice to quit time period (15 days).

Hi, I am in the middle of selling my house in the LA area and have an offer on the table at a good price. The problem is they are asking for more time, so inspection to be 30 days with loan and appraisal contingency t...