The biggest challenge is to find one to purchase at a reasonable cost. 

I would like to purchase a three or four Plex and live in one of the units.I understand I can use an FHA loan or conventional loan with only 3 to 5% down in order to get into the property however I live in a very expensive area and the properties I am looking at are currently 700+. 

One member wants to be bought out and the other two want to develop new commercial product.

If your current lender really cannot do that, I'd find another one who can.

Purchase price: $516,000 Cash invested: $600,000 Converted mixed-use 3 residential and large commercial space into 5 residential units and one mixed-use Building.

I've attended a couple of forums on the insurance issues, and my take away is that no one knows when it's going to ease up.

What are the largest pitfalls one may run into that turn this from a 150 to 350 ordeal?

Early last year, one of our borrowers, an extremely experienced rehabber who had recently been diagnosed with diabetes, informed us that he’d been in and out of the hospital so frequently that he wouldn’t be able to complete the flip we had loaned on as first position lenders.We were aware that he had borrowed an additional $110k from a second-position lender.

We would be incurring the tenants in one half and would live in the other half ourselves.

There are people in her program who do 3-4 deals in less than 90 days.She actually cares about clients and is the one who’s teaching and coaching live. 100% recommend