You can depreciate your asset to avoid taxes, 1031 exchange, year 1 writeoff, 2/5 years primary residency $250,000 tax avoidance, Death step up basis, loan programs 0% or 3.8% down, VA, REI expense writeoff, 1099 your kids and pay for their car or college,  bankruptcy waiver on your home, military Free money, Stocks have none of the above.Asset addition or swapping.  

The reason FHA does is becaues it was designed for primary residences only and wanted to make sure the program wasnt being used by borrowers to rapidly acquire real estate portfolios (which many on this site are doing). 

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

Just make sure you have leads because his program is focused on acquisitions primarily.

Some lenders even offer programs tailored specifically for ADUs with competitive rates and flexible terms.The incentives your county offers, pre-approved plans and rebates, can definitely help offset costs and improve ROI, so it’s worth factoring those in.

Sounds too good to be true, and the guy is a good seller but I was wondering if anyone had any review on the guy and his program?

Saving 5k per month for 10 months is 50k - typical multifamily properties require 20% down - on a 400k property, that would be 80k, not to mention funds for closing costs etc..You could get into a single family home for 3-10% down on a first time buyer program, which is a bit easier, but the challenge would then be to rent out each room to house hack - depending on the layout of the home this could be doable (but may not be ideal - something to think about).Ultimately, you're on the right track - keep doing what you're doing, keep your eyes open for off market deals, create a habit of checking properties in the market you want to be in daily.

Buildium is likely the program that the property management company is using to manage their books. 

When I asked for the details of the program they avoided the questions. 

Not a lender that "has done one before" or "does them sometimes"The problem is, people will work with a lender that says they're familiar because they want your business, and the 203k is the type of program where you'll only find out they messed up when its too late (about to close, 30+ days after contract)From there, the next important thing is to get a 203k consultant into the property immediately after going under contract/accepted offer.