Hello -  My husband and I are experience real estate investors, with several LTR/MTR/STR located in Ohio and Geogial,    in 2022,  we purchased a seasonal boutique motel in Western New York.   

Now is my time to get rolling.

See my DSCR comment a above. 

Final Thoughts In my 27 years of practice, I’ve encountered fewer than 20 cases of loan acceleration, and most involved creative financing or FHA loans.

Brian,Please re-read my response.

I'm here in the South Shore and my home town is Brockton.

I’m ready to buy mi first duplex/triplex for a house hack and wanted to go the FHA loan route strictly for the low down payment of 3.5% I’ve been self employed for exactly 1 year now, but the issue I’m running into is that every lender I have talked to (over 9 lenders now) have told me I need to have at least 2 years of self employment in order to get an FHA loan or any loan that requires under 10% down (even if I made good money my first year of self employment) I have 780+ credit score, no debt, no loans, no monthly payments on anything.

I did get the property deeded back in my name and a Promissory Note created by attorney. 

I have been very patient with my investment.

I do condo plans as part of my W2, and these SF calculations can vary based on the coord with the attorney and owner as far as how the association is originally set up in its budgeting for dues.