I also would recommend them for a hard money loan.

If we deduct the monthly loan payment of $328.18 from monthly expense of $890.68, it leaves us with $562.50 which is 45% of the income $1250. 

Could I purchase the a home with an FHA Loan as my primary residence, yet not actually live in it? 

One lender agent said we can do a convention rehab loan Homestyle but I think this will be a hard sell for the bank as they will most likely want cash.Any advice, input, guidance appreciated!!

I mean if you want to count that income on a loan application. 

Thanks all - here was my initial strategy, and you tell me if this is a bad idea:Acquire property 1 using HELOC for downpayment and convential 30 yr loan.

Now I know I plugged in a 15 term but I plan on paying this loan off in less than 5.

The most I could probably get a personal unsecured loan for would be $40k and I don't have time to get a HELOC or for that matter have the equity in my primary since I just bought it this year. 

Can anyone recommend a contractor licensed for 203k loans in the south shore Massachusetts area?

I bid my number and stick to itDifficult to get a conventional,fha and va loans on these properties as no repairs are allowed and no closing costs are paid