Just thought I would introduce myself since I am a new member to this forum.I reside in Tampa and have been a successful wholesaler for a number of years.

If there is no on site management try to talk to the residents that have the most obvious pride of ownership coaches and get the scoop.

The financing is way cheaper if its your primary, you will have a payment history that will help your credit score, and if you buy right you can gain some fast equity and either sell after 2 yrs and avoid all capital gains since it was your residence, or take out a home equity line of credit to buy your next deal.

I already own a home, but my girlfriend does not, so she has a better Debt to Income ratio for buying another home... although we are not sure if that matters when buying a home that will not be your primary residence??

You can sell after two years and not pay any cap gains since it is your residence.

I have two homes within a mile of my personal residence that are like that.

i am buying a home with an 80/20 zero down.when i sell my residence i will have @ 65,000 cash.i am wanting to begin a new career in re investing.should i pay down the loan or use the cash to leverage properties.i think i know the answer but would appreciate all ideas.

Any "fee" property management firm has the duty and responsibility to protect the property and welfare of the residents....sometimes this makes the property owners mad and they get upset.Individually itemizing the repairs may have gotten them to be less than your $100 threshold in your PM agreement; however, getting them all at once may really be your problem.

You get to exempt the first $250K for a personal residence ($500K if married) and you pay no tax *at all*.

I am a California resident so clearly investing in my own state will amount to a negative cash flow situation.