A well qualified business broker or someone else experienced in those calculations (think someone with statistics/finance expertise) can easily do this.  

Investment Info:Single-family residence fix & flip investment.

However, it’s important to understand the loan’s key requirements:Owner-Occupancy: The borrower must live in one of the units as their primary residence for at least 12 months.Single Borrower: FHA loans are issued to individuals, not partnerships or entities, which means the loan would need to be in your name alone.Given your scenario, only you can qualify for the 203(k) loan since your partner does not intend to occupy the property.2.

While there are fewer native Austinites left, if you find them—especially older residents—they can be an invaluable resource for inside information.Get involved locally: Once the tourists and college students leave for summer or holidays, you’ll realize Austin is still a small town at heart.

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

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

I currently own my primary residence and have about 60k in equity.

Totally emotional questions but I tend to feel that paying off a primary residence earlier is better because you never know what the future holds for you and your income. 

Start with a rental that has modest rehab requirements such as updating kitchens and bathrooms and make sure you qualify for permanent financing through a lending source that offers interest rates similar to that of  a bank.

Get a great realtor who knows and understands what homes might qualify for FHA and which might not.