Happy to show you properties and see if it meets all your number requirements!

This requires expense, time, and marketing. 2.

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.

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?

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

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%.

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?

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