you can sell the one you lived in and pay no tax.. as it was owner occ that's appealing. other wise its really personal decision and you will get 17 different opinions on what to do on this site that's for sure. :)ya we sure hate that gambling for appreciation.. but some folks have to live with it.. good job.

Unless you are planning on selling them owner finance I would not do anything to them much.

@Daniel Banks  Tell her you will give her DOUBLE the price she is asking if she will give you owner financing on your terms - $10 a month for 120,000 months. 

It was built in the 50's and the owner pays water, gas, electric for the property.

Going to get together a pamphlet so I can put on a couple doors and not just single out the home owner I am targeting.

Also if you buy using a low down owner occupant loan your payment will be that much higher and it will be even harder to cash flow.

Can I call a Realtor about a property and ask if the owner would be interested in a lease to own option?

A 3.5% down loan only applies to owner occupant properties.

Miles,Owner financing will probably not work.

Hey Everyone,I've developed a list of the largest owners of residential holdings in the counties I'm working in.