You may be safe to get non-commercial F/F adding up to 2 ADUs to a duplex even though by rule this does not qualify (in my area I have never heard of this being an issue). 

This helped my Debt to income a ton and I was able to close on the deal.

This way, you build income-generating assets first while keeping future options open.

I assume he does, and with this partnership tax return he issues Forms K1 to you and your partners.

If you start reading the forum, you will get a good idea of what to look for. 

Quote from @Kavya Veerapaneni: Hi BiggerPockets Community,I’m relocating to Danbury, CT, from Reading, PA, after accepting a new job.

I agree that working with people is easier and more cost effective than the alternative.As I read this, I'm considering creating a Cash For Keys written program that I can give my tenants at lease signing to remind them to come to me rather than just stop paying. 

This is the perfect place to learn.

Once pre-approved, gather your financial documents like pay stubs, tax returns, and bank statements.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not.