If you buy a multi family, 50-70% of the expected or current unit rent from the other unit can go straight towards your PITI.I liked room rental at the edge of my theoretical borrowing limits because it got me into a really nice neighborhood.

I needed a straight solid answer and there it is.

Seems straight forward. 

Even just a straight cash investment into an OZ fund could be compelling given the tax-free potential after a 10 year hold period.And yes, most certainly consultant a CPA experienced with OZs but unfortunately those are limited given how new it is and we are still awaiting final IRS guidance which should be out by the end of this year.  

Having some crazy qualifier with a younger age being okay if they're married is where I could see it going straight into FHA territory.Not to mention, what kind of asinine thinking is that?!? 

Have him separate labor and materials to check this.With flooring, I've had a lot of success going straight to flooring boxstores and they will hold their subs accountable for reasonable pricing and save you headache.  

@Bob Floss II Gotcha, we don’t have experience with a straight up flip, we just have a buy and hold.

Pretty straight forward to do if you use Subject To and Wraps - look at the spreadsheethttps://www.biggerpockets.com/forums/600/topics/58...

I have no idea how many units the person had (I was straight up eavesdropping at a restaurant), but it just sounded like unnecessary work for units that will probably get rented out regardless. 

Finally, since I’m showing my hand and admitting that I really have no idea if this is even a reasonable option, please feel free to set me straight.