I guess I just assumed nothing local could be found that would hit the 1%rule. Really

The food is okay there but limited selection - burgers and pizza mostly.

Those investors just started looking for some other sucker to do it, the agent had to start looking for a job flipping burgers or delivering pizzas.

When I grow up, my quiet love is commercial lending, which is what I did some 30 odd years ago. . .So brother Joffrey Long, Im willing to buy you a burger at the local gentlemen's club for some sage wisdom!

That was a ridiculous idea and I would guess that most of the people that followed that ridiculous theory are flipping burgers about now!

All of my properties meet the 1% rule (rents exceed 1% of purchase price). 

I am not if 50% rule really applies to this property as the taxes are very low compared to other areas, hence increasing potential net income...

The IRS rulers prohibit any direct or indirect benefits to you.

Just in the past few day's: Burger King - an American staple - is allegedly moving its headquarters to Canada for tax savings. 

Here is the thing we don't have enough money to buy with the 20% so we thought that maybe we can start to buy with the FHA  maybe a small single house live in for a year then move out and rent it , or buy a multifamily house live in  one unit(in order to follow the FHA rule)  rent the others then buy single house live in the rent it and so on until we can buy our dream house have somebody done this??