This used to be 6 months but changed last April. see link:   https://capitalmarkets.fanniemae.com/mortgage-backed-securit...So, you would just need to wait to CLOSE 12 months and 1 day from the recording date on your current mortgage.

More interestingly, a current tenant has a direct relationship with the owner and is close friends with my Client.

In the future if you are in need of LTR PM or a CMA in Beaufort or Jasper County, I'd love to get connected! 

My question is, since I already closed on the house, can I still do the BRRRR method?

If I had friends over we were constantly in close proximity to the rest of the family to where everyone could hear everyone else.

General rule of thumb for hard money is 25% (plus closing costs) down especially if you don't have a lot of experience.

BP Family - I am currently under contract to purchase a long term rental home and will be closing on July 12th.

It happens all the time that when they do, they get out there and its not even close to what was discussed and problems ensue. 

Therefore, I am interested in buying him out, but before I do I want to understand if it helps me or hurts me in my investment journey.I would be buying 60 acres for $260,000 and it would cost me $60,000 for the down payment and closing costs. 

I'm in Richmond, let's connect.