Additionally I would have to ask the question of how would I move from this primary residence to another and being approved for an additional loan?

Additional criteria: 200k ARV, B- communities, 1-1.5 hrs from Dallas, decent schools. 

A family member is a foreign person (foreign national living outside the US) and he owns real-estate in New York City. He wants to gift it to my wife and I. We understand that real-estate is a US situs asset so it is ...

We have a Lanai/ Deck addition and looking for someone with drafting skills to assist with a scaled drawing for permitting.Mahalo for the help!

I think that an approach that might help accelerate this vision would be to continue that savings rate, but to consider a "live-in flip" - one or several, in addition to a plan along the paths that he mentions. 

If you have an old fashion washing machine it is 45 gallons a load,  newer high efficiency washing machines use 23-30 but some can use less.  

Additionally, we use a set of spreadsheets for categorization of rental expenses, plus another for property maintenance, task lists, etc...

In addition to the above, once you put your apartment online for rent...you will know if it's reasonable or not based on the number of inquiries you receive.I just placed my 1/1 w/ Office online and received 60+ inquiries within 2 weeks.

However I kept the units small and included them in the ammenities of the units as an additional selling feature. 

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