I am in the final stages of making my transition from W2 employment to becoming a full-time real estate investor and agent.

If you refi as owner occ to get out of FHA to conventional, the 12 month occupancy clock restarts.This may affect your timeline.Regardless, hope this deal ends up going smoothly and looking forward to hearing more about your journey! 

I will be helping her manage it while there but we’ll transition to a property manager.I want her to be in a B+ neighborhood where she’ll be safe. 

I was able to do this for a 5% fee, so my effective interest rate was 5% which is better than most commercial loan rates (at the time) and would cover 100% of the loan to cost (LTC).Use the liquidated cash to purchase the propertyGet it rented out and cash flowing Use a cash out refinance to transition into long term debt and pay down the credit cards, with down payment being paid down by the extra cash flow until the cards were paid off.

I have recently transitioned from being a roofing salesman to real estate investing.

My team and I have a list of preferred partners to make the process as smooth as possible.Best of luck!

I transitioned my STR over to targeting Travel Nurses and have been super happy with it.

( bank law that is).Hopefully inspection should go smoothly and your Agent that earns that comish should be on top of this issue!!!

@Andrew Sprague Here is a great step by step recommended process for a smooth FHA 203k - FHA 203k Recommended Steps

Hopefully it goes smooth and even if I have to go $15-20k out of pocket to acquire a new rental and learn the process, that’s fine by me.