As long as you are "continually employed" without gaps and you can show that it is part of your "career growth" you should be fine, in my experience.

For everyone interested in understanding the Memphis, TN market conditions I suggest subscribing to the Chandler Reports Below is their report for August:"August Real Estate Update Home Sales Memphis and Shelby County home sales continued to improve through the summer.

I'm not sure if location or how long the loan would need to be seasoned, if at all...but in theory this would allow you to continue to acquire multifamily properties and the only stipulation would be that you have to move every 6-12 months to satisfy the "owner-occupant" requirement.

Any help with this would be greatly appreciated as I continue to look into my first purchase.

If so, ask if any documentation is required to continue as such.

Both of these are like slightly less well off continuations of their neighboring suburbs, and don't have excessive amounts of blight or crime.2) I'd recommend a single family for your first investment.

Stories3Price/Unit$86,458.33Year Built1972Property TypeMultifamilyLot Size0.56 ACProperty Sub-typeGarden/Low-RiseAPN / Parcel IDWHAV-000048-000023 Financial Summary (Actual)Year2017Operating Expenses$101,837Scheduled Gross Income$245,376Net Operating Income$134,870Effective Gross Income$236,707Pre-Tax Cash Flow$36,876 Debt & Equity InformationDebt TypeExistingAmortized Over30Loan Amount$1,660,000Annual Debt Service$97,994Interest Rate4.25%Down Payment$415,000

All money goes into my operation account.

Remember, most are unlicensed and brokering without a license, have no accountability to state boards, operate as fringe operators skirting laws, may be correctly called public nuisances, have no insurance, etc.

I have made things "work" for a while now, continuing to learn as I go, but I keep running into property management that gives me bits and pieces of info and insists that my units are "difficult" to keep renters in.