My current primary residence was a foreclosure a few years back.

In the Summer of 2011 I sold my primary residence for a sizable gain.

Reading another post got me thinking about this again.For those of you who own larger multi-family, self storage, mobile home parks, etc, anything with a "resident manager" who lives on-site--do you give you resident manager signing authority on bank accounts and/or allow them to handle finances?

I currently have my primary residence and also a 6 unit property with a commercial mortgage.

.- is it their primary residence?

Even if this is your first time in real estate investing, as a resident you will be quite knowledgeable of the good areas and the "low rent" districts.

We have done everything from no work (wholesaling) to complete gut/reside/reroof/repipe/rewire/foundation/mold and everything in between.

If you're not planning to sell your primary residence in the next 12-24 months, this is probably enough time for retail sales to recover from the hit of a single low sale.3.

The 20% down typically only applies to financing a primary residence...When trying to finance investment properties the banks typically require 30-40% or sometimes even more

I was born in raised in VA and have lived in the Shenandoah Valley, Winchester area, and now I reside in Richmond.