That being said, be careful because if things went south, it could result in a major penalty Might have been better to post a hypothetical question and a faux story to get the answerFHA loans are owner occupied, 5% down also likely owner occupied - read the contract Once you have 20%-25% equity in, you can refinance and go conventional I can't recommend either way for you, but I can say others have done itOnce your loan is conventional, I'd say you've got very little to worry about - the choice is yours

It certainly makes it difficult to get into those, as (if you're like me) you are financing and can't risk a zero condition offer.Flipping in Smiths Falls I think would be a good choice.

Gilbert from 1st choice drywall - tell him I sent ya

A couple of references to cap rate on this thread sound backwards to me.For example, your question: those who are primarily appreciation driven at what point would they be invested in a low cap rate property with a higher cap rate historically..If I was appreciation driven, I likely would be a market timer (i.e. buying when it's low).

So my salary was actually referring to almost a management fee.

I just got done with a unit turn, where I opted to replace the carpet with laminate flooring, but the choice came then to which flooring to use, the cheap stuff at $0.75/sq/ft, or the waterproof and durable stuff at $2.50/sq. ft.

obviously the tenants want to get a dog and not pay a fee or extra rent...I doubt they are expecting you to reduce the rent. your choice should be based on the unit itself. got carpet, a fenced yard, close neighbors that might complain etc.

@Johann Jells She is referring to a private residence, not a commercial structure or public facility.

Personal choice, but I don’t do that.

It is your choice to "Bookkeep" your record in any way you like to be honest.