You have hit the JACKPOT of resources for real estate investors.

I know the city is very liberal with redevelopment over there. and tearing down an SFR to build a 3/4 unit is acceptable. 

I've run it through the BP rental calculator with conservative, medium and liberal scenarios and it looks like the property would cashflow between $450-$1,000 / mo. 

From what I read here on BP I think of OH as somewhat liberal and anti business or at least anti creative investor.

I google'd around for the USPAP standards after reading why he said it was a duplex, and sure enough it was a duplex according to USPAP standards, sorry agent, sorry seller, and sorry county of Alameda (he was super liberal with market rents on the 2 units that he had to call 1 unit, because it was one GIANT unit, so the rental income was actually fine). 3.

I doubt this will make it's way to jumbo (>$625k loans in our area) fixed rate competitive interest rate pricing loans, but I see high balance non-FTHB as likely.That's far from a certain thing either way, but generally when Fannie Mae's money will consider something, the value of that thing goes up because folks are more liberal with her money (a mortgaged offer to purchase) than with their own money (an all cash purchase).

My wife has decided to become a realtor to help the business, Jackpot after jackpot.

For a business owner with $100,000 taxable annual income, the net tax savings for using an S Corporation instead of an LLC in taxes paid every year can be as high as $7,500.Holding PropertiesWhen holding properties as a cash flow investor, the LLC (or LP) is generally the better choice because an LLC has more liberal distribution rules.

I hold a bachelors degree in Liberal Arts and currently own the property that I live in.

Wasn't it so liberating???