Due to this search, I set up a three-member team to do searches using various lists and qualify it for me and my investors. 

The only way it can possibly be beneficial to pay 20% over market for an interest rate 3% below market is if the loan is long term, AND FULLY ASSUMABLE WITH NO QUALIFYING.  

These deals are much easier to get locked down and offer more options for disposition strategy, but would rely on a qualified buyer pool who would be earning more than the six figures through w2 or a business.Benefits:- No Down payment deals- Seller carries 25-50% of purchase price- Lower interest rate than banks.

On occasion these letters have resulted in the parties entering a more formal easement agreement.

If the wife is the one qualifying for REPS, but both spouses participate in rentals management, can you combine time and activities?

.)- We file our taxes as joint / married- Her tax deduction benefits from qualifying as a real estate professional from the STR can offset my W2 income. - She can use REPSTRACKER for thisI then of course have a plethora of other questions in terms of book keeping (tracking all purchases etc...) but I will save those for another time unless someone has the best offline resources I can start to learn from? 

I know that I would have to refinance out of the first FHA loan in order to qualify for another FHA because you can't have two at a time.

I wanted to get started in real estate investing and knew I could qualify for this home and convert the basement into a rental unit so it was the right house to start with.

The key difference is that when buying as an LLC, you won’t typically qualify for traditional FHA or conventional mortgages.

You can ever use the income from the other unit toward your own income when qualifying for the loan.Good luck!