3yrs post hardship Bankruptcy/foreclosure

[Jason Strubbe]

First off, hello. I am a new member. I found BP two months ago and I have been listening to podcasts and I've read my first book related to investing which was Rich Dad Poor Dad. I've been thinking about buying rental properties for a couple years now and I believe now is the time. My goal for the end of this year is to buy my own home and my first rental property. Here is the catch/ hurdle I have. Through personal hardships I had to claim bankruptcy and had a foreclosure on my first home 3yrs ago. Hard money lenders can only do FHA. Being FHA they will loan 3yrs post foreclosure. Other conventional loans are 7yrs? I am looking at quadplex which is owned by my grandfather who is talking about selling. I've also found a single family for me that is in need of repairs. So my question is, is there a way I can buy both places and also do the repairs needed to the single family for me and my kids to move in? I don't know what the cost of the repairs to the single family is yet. I have not done a walk through yet. I do know it will need at least a roof. The quadplex is in great shape and currently every apartment has good tenants. Again I'm new at all of this so any suggestions/help would be appreciated. Thank you!