Be pro-active and assess risk now and not re-active when a GP drops a request on you.

The intent of FHA was to promote primary residence home ownership not investing portfolio building so they put this rule into place.100 Mile rule basically says that you cannot use rental income offset from a lease agreement on your current house to help you qualify for the next property when using FHA loan to qualify.How do you get around this?

Rarely do I come across a LLC that is treated correctly (without comingling of funds, documenting the minutes of the required board meetings, and often paying the franchise taxes to keep the LLC active). 

Hey @Austin Wolff - You bring up some good points about knowing the house better than anyone when you build new if you are actively involved and onsite regularly, but I'd get behind @Jay Hinrichs, in the sense that the numbers don't always allow you to build new.Here in Chicago, new developments are super pricey, and even the BEST DEVELOPERS HAVE SLIM MARGINS. 

If you do decide to proceed into investing, this will open to a realm of achieving financial freedom and slowly accumulate your rental portfolio, so that you can replace your active tech income from your rental income.

.- Privvy is easier for seeing investor activity in the area and seeing the before/after of flips (how much they bought and sold it for)As an investor, I presume that your versions don't give you access to MLS sale price data? 

There are over 20 active CPAs here in Biggerpockets assisting RE investors with their tax planning.

However, managing a rental property or being a landlord is not a passive activity.

If I rent out three bedrooms at 600 each, that is double what I would be getting.However, it seems that renting out rooms separately isn't permitted unless you actively live there with the property as a primary residence (not sure on this point).

I'm focused on small to mid-sized multifamily properties in south central and eastern NC, and I’d love to connect with others that are actively investing and operating in these areas.