Find out who the main Realtors are in your area that carry foreclosures, ask them to call you if the asset managers get desperate and need to sell.Since bankers work in monthly increments, I have picked up many fantastic deals at the end of the month.

Its a 5b/2b 2,843 sq ft home on main street in the town it's in.

I've been trying to deveop exit strategies for them, mainly in the relm of refinancing the property after a tennant has been installed.I'm running into problems with obtaining financing for properties in this situation ,regardless of LTVs.

Because I hate to back out on my word, as an exit if no buyers become available before closing, I would purchase the property myself (more than likely via HML with at least 1year before the balloon payment) and continue the search for a buyer.My main question is: Would it be worth it to hold off on purchasing properties so that I can qualify as a first time home buyer when I do purchase the owner occupied rental property?

Where are you mainly doing your buy/holds?

The main reason to do this is exponential growth and the resulting cash flow.Obviously you are good at running a business and have the concepts of cashflow down so holding commercial would probably work well for you.

very interesting - so for many people, after doing lots of residential singles, is the next obvious choice commercial?

You would have to roll your HSA into a self directed account through a TPA (third party administrator) and then invest it in the choices of your liking, including RE.

Some can deal with the management necessities of RE, and others want a more hands off approach with stocks.The choice is yours, but both are good right now!

Very few people actually want to rent if they have a choice.