The thing I'm trying to figure out is how to properly qualify as a RE Prof. 

Work with a qualified intermediary and tax advisor to ensure compliance and optimize your strategy.

These days the hardest part for me is finding & keeping qualified contractors for the work that always needs to be done.

With a properly written and qualified wrap note the seller of the property (that is the holder of the wrap note) still has an interest and an asset they can sell.

I would speak with a loan officer to get an idea of what I would qualify for with that level of student debt. 

If there is a large amount of equity, one party may have to buy out the other - if they cant afford it/cant qualify, then the property is sold.I deal with this frequently with mortgages. 

This would probably allow me to qualify for the FHA loan if this is true since the giant loss is throwing off my DTI. 

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Your tax-free VA disability income helps you qualify for loans and lowers your taxable income.

If you had good credit (670-730 range), you have 20% to make a down payment, and sufficient income to qualify for the home you want to purchase - Would you choose the FIRST-TIME HOME BUYER or CONVENTIONAL purchase option...which would you pick and WHY?