Key requirement is it must be the primary residence.  

This means I may owe US income tax on those proceeds, even though I am paying the required Kenyan taxes on the same rental income.

I thought about getting a multi family, but the cash reserves required are somewhat limiting atm.

All figures are generated for illustration purposes only and do not reflect actual figures of any of our current/past transactions.Questions:1-If our debt package requires 3 months of prepaid P&I ($15,000), should we increase our Sources & Uses schedule to account for this figure, or do we anticipate the property to perform & simply borrow funds short-term from ourselves or 3rd party credit until operating incomes can pay back the short-term loan?

Overall, my thought is that our current home is not an ideal rental - it's big, the pool requires constant maintenance, the yard requires regular attention/landscaping but I could be wrong. 

Some of those can have requirements for you to pay off their 'loan' if you move out.

@Akinbowale AjiboyeMost lenders will not lend in second position, and the ones that do are usually going to require a much higher return than 2%-5%.

@Roy CleevesWith power of sale they are required to get fair market value.

I'm wondering though, if I market them as lease option/rent to own, will a PM show the property, handle paperwork including the option contract and then manage the property or does that require a real estate agent?

I have some property’s I’ve acquired through house hacking and traditional financing but want to try something that doesn’t require a saving for a downpayment for each purchase.