Hi everyone,

Im trying to figure/find out how strict the rules are when it comes to getting an FHA loan (I want the minimum down payment) and renting it right away. Ive read that you must occupy the home at least 1...

Also, I have yet to see anyone discuss call risk with these.

@Brock Bernall As a rookie House hacking is the best for getting started has the lowest risk and best profit for a low down payment option.

You'll have a property manager do the management (so you being close to it is not needed).Yes there are risks for some people to go out of state but if you learn the techniques like I have, you'll see it's actually easier and far less risky.

For your first question, writing a scope of work (SOW) involves detailing all the tasks and materials needed for your project.

You will make a better return with less risk keeping your money in a CD or bond. 

"I mistakenly had a rental policy instead of a builder’s risk policy."

To answer your question condos are better if they allow it but if you want to hop right in it with less risk I would go for a house or multi family deal.

Hi Paul,The main risk with buying a wholesale property is that they're usually sold as-is with no contingencies.

Undoubtedly, the biggest regret is getting involved in the short-term rental market.