So you can buy a four flat, live in one unit and rent the other three, but you have to live in one unit on the site. 

Determine what type of property you want to buy - What Zip code, what condition homes, price range, etc.Contact 3-4 realtors that helped buyer agent buy the type of homes you are looking to buy.Then go with the 1 realtor that you connected with the most.

Your home equity you currently have will count as an asset on the CSS Profile, but not on the FAFSA - unless you've taken a HELOC to buy the other property.

Some background, I am an out of state investor looking to buy in Detroit.

He is one of the partner ,there are many others In this partnership,as in, they all pool the money to buy land and build large single family homes .

I wouldn't buy existing.

It is exactly what it sounds like, buying a property that has an existing debt on it.

I spent months, no, years, reading books, buying No Money Down cassettes, (Carleton Sheets, anyone?)

How where you able to buy a house w a  cc?

But yes, I would find the houses, submit, get an offer from them with a signed PASA, take the loan through them, and after reno was complete, they would buy the house.