If you have no lates in the last 12 months and re-established credit meaning you have atleast 3 tradelines you have made ontime payments on for the last 12-24 months you may be eligible for VA financing with 580 min or lower scores depending on the scenario.Most of the time these type of files with be a total cluster and require 30-40 conditions ranging from letters of explanation, additional documentation, and or other to close.

Here are some details about the property.Price: 480kAge: 1986Rent: 1100 ~ 1200/unitCoC: 3%CAP: 7%I am a first time buyer and house hacker so any insight are appreciated.

Time and time again you talk to an investor that has a portfolio of mutual funds that doesn't even know the strategy of the fund.

btw, we;ve bought and sold over 1,000 properties for our own inventory and that was the only time we ever collected on a title insurance claim.David Krulac, Bigger Pockets Podcast #82

I am the oldest of 5 and a full-time college student.

I am househacking this property so I do plan on moving out for the first time as well.I know this is a pretty vague question but any insight would be awesome.

Can I only have one FHA loan at a time?

For one it saves time, you can have a website up and running in less than 24hrs.

At the same time, the adjacent house became vacant for the first time in seven years, and it needed new paint and flooring.

I spent a tremendous amount of time and resources on those types of things in the beginning.