It has Roth component and traditional built in.  

FEMA would only worry about the one that was considered my "primary". 

I think  buying a primary, putting 3-5% down, look for a home with potential to either rent rooms or duplex,  triplex or quad! 

I'm applying for a HELOC on my rehabbed house in Detroit (primary).

@Pat Arneson After working with my primary contractor for about 23 years (give or take) he now accompanies me on all my walk throughs.

**Flexible Financing**: DSCR loans can offer more flexibility in terms of qualification, especially for those who may not have a traditional income stream.

The best opportunities to get seller financing is those properties that require repairs and traditional financing may not be an option.

If you're sticking to all-cash, passive investments, you’re right that flippers and small developers often look for cash investors to fund deals without traditional financing.

This would make it into two, two bedroom units with the intent of making them long term rentals.I'm guilty of having a lot of projects going at once so my focus right now is bringing the cottage to a point to refinance out of the private money and either make it our primary residence for a year for the financing perks or to go straight into a short term rental.With the four bedroom house I'm trying to decide if it's worth splitting into two units or if I should keep it a four bedroom rental.The cottage I'm also tempted to do mid term with to lower the turnover and maintenance but open to suggestions.The third property I'll probably just let the current renters pay the mortgage for the time being if I'm able to acquire it anytime soon.

I intend to relocate to the Rapid City, SD region in April/May for work, and I plan to acquire a primary residence that could eventually be transformed into an investment property.