Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4  X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.

The smaller builds were harder to come by, too many overlays were put in place and the residents of East Nashville HATE us developers/flippers more than any other location in Nashville.

Would that appreciate slower than single-family residences?

Prior Theories: It could be turned commercial (no)A residence could be built there (no)They bought it to sell to me at a profit because I am the only one who cares about this.

Long answer - it's complicated.For 2024 you have a personal residence with room hacking.

I'm an out of state investor, therefore when I speak to some local credit union they request I reside in the area to obtain membership. 

Convert the Property to a Primary Residence: If you live in the property for at least two of the five years before selling, you may qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from taxation.4.

The recalibration of reserve studies to account for these increases is inevitable, and unfortunately, this will likely lead to higher dues or special assessments, which can hit both residents on fixed incomes and investors hard.

State websites will have it in their revised codes.Look at Sutton, MA (and the county it resides) to see if anything else is on top of this.

Investment Info:Single-family residence wholesale investment.