Not a bad deal I guess but by the numbers it’s nothing to get excited about .

Now things come full circle and I’m excited to be back looking at multi families

@Lisa Maturo Not everyone qualifies for FHA, so you might as well take advantage of the program while you're qualified and can live in it!

I believe that guy I spoke about ^ had a list of contractors that are already approved through their program.  

Jerry, there are several insurance programs for flips.  

That program is encouraging her to make as little as she can lol.

I think what you are referencing t=is the guru programs that are out there and mentor programs?

Here's how the process works as I understand it:1) You list your property2) Tenant expresses interest     a) you do your background check - if approved:3) Tenant gives you their S-8 RTA form     a) You fill out your portion and return it to S-84) They determine if your rent is within their market guidelines     a) If it is not, then they say "hey,  your rent is too high for our program, we'll only allow $635/mo, not $650" (as an example)     b) It's up to you at that time to determine if you will accept the lower amount or not.

You also want to determine if the buyer wants to do the work themselves and if so, will the particular loan program allow it or does the loan program require a general contractor, licensed, bonded and insured to perform the work?

Also, try looking for a ZERO DOWN program that will help the buyers purchase with little to no money out of their pockets.