Just got a letter from HOA wanting $250.00 for ONLY non resident owners.  

How far away from her previous residences is she moving?  

As a resident of New Haven, I can say: Yes, of course there are some sections that are great and others that are not so great.

I would ideally like to purchase a multi family residence to rent out the other properties while I live in it.  

Dear BP members,My wife and I are getting serious about buying our first investment property(s) (one being a personal residence) here in the Atlanta/Decatur area.  

1 posts Quote Just got a letter from HOA wanting $250.00 / Yr. for ONLY non resident owners.

Disclaimer: I haven't had to deal with ceiling fans in a rental property yet - only in my own residence, and friends' houses.Make sure some real short person didn't install the ceiling fan

This is not my primary residence. 

So you want to get a loan on the paid for rental to repay your personal residence?

Given this, I now have real life numbers , and can now look at what my best options will be 6 months from now ( in June of 2016 ) , to continue my pursuit in purchasing Rental Properties.Here are the stats on the Property I just had appraised / will be closing on in 2 weeks .Purchase Price is $68,000  ( includes my all in cost ... repairs, closing, down payment, etc. )The Appraisal come back on the property for $108,000 This gives the property $40,000 in EquityThis will be an Owner Occupied property ( Primary Residence )My goal with this property, is to Hold on to it Long term, and use it as a Rental property in a year or so from now But my short term goal ( what I am wanting to do ) is to do a Cash-Out refi. at a LTV of 80%   (  or roughly $21,000 that I could pull out in the form of cash )....