The sellers were having a hard time finding a new place to live in such short notice that I offered them ten days after closing to be able to move.

Hi, everyone! My wife and I are considering buying a live-in flip, but we probably wouldn’t plan to stay the full two years to get the capital gains tax exemption. If we buy it, make it our primary residence, and sell...

You're gonna need a good-sized home to fit 8, but it shouldn't be a problem to find something suitable in a short amount of time.

Personally, I'm not such a fan of books, blogs or podcasts that have quite deceptive titles suggesting that creating substantial wealth and financial freedom is attainable in a short amount of time.

If you have a cookie cutter, two page note, short form deed of trust, and no servicing comments or pay histories to show your buyers, you won't be able to get as much for your note. 

If I had to go back to 1996 when I started, I would do the same thing - get a small multifamily and live in one of the units.One thing I'd change is that I'd operate on of the units as a short-term rental/corporate rental.The technology wasn't around then, but it sure is available now. 

It give me the opportunity to make a low ball offer and maybe buy the property at the right price.I don't know about the timeline your asking about.Although I am originally from Alabama, I won't invest in tax liens there because there are much better states to invest and get properties in a relatively short period of time, at least relative to AL.

Rent (short term). 

The front cottage is going to be long term and my plan is to do short term rentals out of the garage units. 

Originally posted by @Aaron Klatt:I think most lines of credit won't have an amortization schedule, because they are meant for frequent smaller purchases, I have no clue about the rate though.Yeah I'm assuming it's a short term product better suited for flips similar to a HELOC.I thought I saw in a thread here on BP that rates were in the mid 6's or 7's so that's why I'm curious.Would be a much cheaper alternative to HML and still provide a way to do multiple deals via leverage.