Is this strictly an investment property?

Overlays - what's really frustrating is that banks can be more strict than these rules if they wanted to be. 

The "no money" aspect, strictly means that you are not purchasing the property yourself, you would be assigning the property to an end buyer.

The complex has the right to be strict on this. 

Most hard money lenders do not strictly speaking have a mortgage on your house - they just have a promissory note secured by your house.Jake, I know from seeing you on here that you're new and looking to get rocking and rolling in real estate.

I'm single so this works for me since I don't have to move a family around every 13-plus months after my Owner Occupant timeline has been met.2) I also buy low-rise condos or Townhouses with low HOA dues, they will cash flow in the area.I've been successful with this strategy, keep in mind you won't be closing on 3 - 10 properties a year with this strategy, it's strictly for the long-term buy and hold portfolio.

But that would be 2 years of strictly focusing on school.

I know one of the difficulties is in getting a home construction loan (high interest rates, strict time tables etc).

When considering the multi unit property as strictly an investment purchase where you will not occupy one of the units, the amount of reserves funds required to be verified will be in addition to the down payment.

This is a business that requires hard lines and strict enforcement of policy.