This one is a classic.

@Jamie DeShong Let me start with the classic, I'm not an attorney statement.  

The classic look. https://www.zillow.com/homedetails/720-Red-Cross-St-Wilmington-NC-28401/54300522_zpid/ How did you find this deal and how did you negotiate it?

I'd also recommend timeless classics to read like The Millionaire Next Door + Think and Grow Rich.

I was under the impression, after reading many, many, posts here on BP that I could buy a property with an FHA loan, fix it up, refinance into a conventional loan...and then buy another property with an FHA and do it again and again....your classic BRRR scenario.But my mortgage broker told me today that the FHA program was developed in order to get home owners into homes...not to help investors make money.

I come from the world of classic cars, love and expensive projects is a dangerous mix. 

Or, if anyone is into restoring classic cars and needs a hand, give me a holler. 

They're big and spectacular, but it's not like classic little city roaches where you see 100 scatter when you turn on the light, I eliminated those when we bought 20 years ago. 

For many years I've simply 'built in' the cost of laundry into the rent and used cheap, easy to repair, classic machines you can buy off CL for a song.

It’s not a “tad shady”.....it is classic mtg fraud.