Verify that property passes the Self Sufficiency test *this is a rule for multi family properties purchased using FHA.

In the states where I work, square footage by an appraiser would not be a sufficient out of a contract.

If you will not - or cannot - bring capital into a deal, then you need to be able to provide sufficient value that others will ... and will allow you to invest it on their behalf.

@Wendy Lovejoy I had real estate agents that wanted me to spend all my cash on 1 house, refused to place low offers that produce sufficient cash flow, argued with me because I wanted to see multiple houses "the funnal" but not make an offers.

The home can have up to THREE extra Units - but if it does have more than two, there will be a self-sufficiency test whereby your mortgage would need to be 100% covered within 75% of appraised rents from those other Units.

John, because of the rural nature of the Lakes Region, I think you'll find that it's difficult to form a group that is sustainable with sufficient attendance. 

Typical commercial lending is LTV 70-75%always an ARM, like 20 due in 10 (or even 5)property self-sufficient (aka DSCR 1.1 - 1.3 depending upon the lender)with an NOI that supports reserves 10%, vacancies of 12%1/2 year prepaid taxes AND insurance (last parts of PITI)Your personal credit should not be part of the qualification process.

If they don't want to be a landlord and/or the property doesn't command sufficient rental income to make it work, they might be compelled to sell ASAP.Given that most VA loans are 0% down, and that active duty have ZERO control over when they get those PCS orders and must sell, an otherwise trivial 2% temporary market down-turn can mean you have to come in with money just to sell your home!

I intend to create a passive income stream sufficient to take care of my disabled daughter after I am gone.

. $30k is more than sufficient to begin your investing journey in the DC area.