Because the changes couldn't be approved, we weren't able to satisfy the self-sufficiency FHA requirement for a 3-unit property.

Any home that has sufficient elevation can get a lower price, even if the home has flooded before.

Approval letter should refer to the accepted offer and state you have sufficient funds to cover.

If a person has been told we don't accept Section 8 - that is sufficient to establish a prima facie case.

To me it's a partnership - I provide a safe place for you to live - you provide me with income/cash flow.There is sufficient mutual self-interest in nurturing that relationship to render the question of whether or not you are friends completely irrelevant.

Most investors start with "house hacking", getting a 2-4plex and then renting out the other units and owner-occupy one of them.yes, buying and renting out property is a wise idea as long as you rent to good tenants and charge them sufficient rents to justify the cost of owning the property.

Most of the time a 5-10 year amortization the property will not cash flow after debt unless the loan to value is sufficiently low, which most borrowers are not looking for.

If you want anything to go towards paying the balance down, you have to pay extra.But really this is a sufficiently basic question that you should be asking your lender. :)

From there, let the net income build until you have sufficient cash flow to buy another property, or sell them all to buy a small multi-family or something else.But you just have to run the numbers based on what your current properties are renting for, what your payments are, etc., and what you think you can buy additional property for. 

Upon further though I decided to wait to increase rents until I had improved the property more sufficiently.