This is ideal for investors with multiple properties or self-employed individuals, as it allows them to qualify based on the cash flow of the asset rather than personal tax returns or W-2s.2.

Nice house, but it sits on a corner lot and lacks an ideal backyard.

That same night I set up auto pay.  

I'm working with the City of Kansas City on determining the highest and best use, which will hopefully lead to building 1-3 new multi-family structures (ideally duplex, triplex, or quadplex).

I have $30 k in savings, no auto or student loans and excellent credit.

Ideally- would love to be in C+ or better, cash flow is not a priority but also don’t want to be negative.  

About 25 years ago I purchased an auto repair facility out of bankruptcy court that had an environmental problem.  

They will love seeing the owner explain things before they arrive.Send auto messages the evening they check in and ask how things are going to get ahead of any problems. 

Ideally, I'd put more towards my principle faster if I have the cash.- Once I get 20% equity in the property, use another FHA loan to buy and live in another multi-family property then rent out both sides of my first duplex leading that to positive cash flow.- Repeat..Am I on the right track? 

@Nicholas L.An ideal situation for me would be to househack a triplex but I’m not finding anything like that at the moment so I figured I could at least start to build some equity and cashflow with the condos in the meantime.