Qualified renters can opt to pay a non-refundable monthly fee instead of a traditional deposit.

Here are the common exceptions:Relocation for Work: If your job requires you to move a significant distance from your current property (usually over 50 miles), you may qualify for a second FHA loan near your new workplace.Increase in Family Size: If your household has grown, and your current property no longer meets your family’s needs, you may qualify for a second FHA loan to purchase a larger home.Co-Borrower Separation: If you co-signed on an FHA loan and are no longer living in the property (e.g., after a divorce or separation), you may qualify for a second FHA loan for your primary residence.Non-Occupying Co-Borrower: If you were a co-signer but did not occupy the original property, you may qualify for another FHA loan as the primary borrower.Important Note: FHA guidelines typically require you to demonstrate that the current property will not meet your needs or is no longer feasible as your primary residence.2.

Based on the tenor of your posts, I've got to ask - do you have your primary residence squared away?

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Investment Info:Single-family residence buy & hold investment.

If down payment is your one issue with qualifying there are down payment assistance programs available. 

I'd recommend keeping them separate for that reason. 70% LTV should be doable as long as you qualify (LTV can be affected by your FICO scores).

Pilot a unit or two with this renovation spec and see how much demand you get from QUALIFIED applicants.  

A shopping mecca five times bigger than Lakeline Mall, a 21st century mega-factory, an ever-growing Apple campus and a somewhat secret but sizable spot occupied by Tesla.With a population increase from 2020 to 2023 of 14.5%, Williamson County is clocking more new residents than all other counties in this fast-growing region.

(Non QM means it is not qualified with Dodd Frank rules, but their own rules).