It is a cash deal but only 1% EMD (name on check to the seller’s broker) and they are allowing an inspection periodHowever, someone mentioned that I should not use a title company that the owner selected; that didn’t make any sense to me.

It is a cash deal but only 1% EMD (name on check to the seller’s broker) and they are allowing an inspection periodHowever, someone mentioned that I should not use a title company that the owner selected; that didn’t make any sense to me.

This allows me to cut down the no show tenants and remove the curious neighbors/landlords.

All expenses including HELOC payments (principal + interest) will need to come out of the rental income on a month-to-month basis.I am aware of the recent Orlando ordinance allowing home sharing (http://www.orlandosentinel.com/news/orange/os-orla...), but will not be competing with them.Is this a good time to invest?

The main problem is PenFed allows applicants to own only three total properties (including primary) to qualify. 

I didn't ask my broker to write up the addendum, it specifically says on the contract that brokers are not allowed to draft them.  

They will allow you to sell your property, defer the tax, and buy properties over time, if you like.

All the houses are tenanted at present and the tenants have been very cooperative in allowing showings of the property so i assume they will not make it easy once the foreclosure goes through to get these things sold.

I called FHA and they said they would allow the property to be funded on a FHA as long as 51% of the property is used as residential and it's owner occupant.

Each of the four rooms would be perfect to Airbnb and could make a killing, but the city doesn’t allow short term rentals.