I am utilizing PODIO CRM for staying on top of my leads and ensuring I process them to closing in the most efficient way possible.

If I use an FHA loan to purchase my first house and then live in it for 1 year, can I rent it out after that 1 year period?

If you can buy and hold it for 3-6 months in a "Reno" period and your numbers are right taking all into consideration, offer the short sale.

Unlike a 30 or 40 year low interest loan where a lender has a longer period of time to make money.

@Felicia Hamilton Longer amortization period will give you positive cash flow.

Normally banks are pretty strict on it, insisting you live there for a certain period for an OO loan because they're selling the loan.Even if there is recourse, an LLC loan is in a different category altogether from a personal one and accordingly rates are different.

My question is, what would be the most efficient way to operate this for the most tax advantages/breaks as opposed to claiming it on my own personal taxes? 

I am talking to a couple commercial lenders but they want the full Year seasoning period so I might have to wait.

Help please Asking price: 825K13 units multi family apartments12 units : 2bed/1bath rent for 750$ a month1 unit : efficiency room rent for 400$ a monthWasher/dryer room earns about 400$ a month Apartments in Good shape.Has window units, no central air.

Put in a 5 day option period to have professional Home Inspection or GC come through to make sure i'm not investing in a money pit. 4.