Hello Wayne,It seems like Rob had a pretty good (and quick) explanation.

There is also the BAREIA meeting in Medford since you are interested in looking there too (Though just FYI the meetings won't be that geographically locked in, not sure if I have ever met someone in Medford there:) ).  

my fiance and i are in the process of buying our first home, fha, we put an offer in on feb 14 signed the contact on the 15, closing date is march 31, we signed all our loan paper feb 22, his score is 747 mine 654, i have a few derogotory(1085$) accounts on my credit from 2010 so the lo requested a letter of explanation but said it isnt an issue(im getting them taken care of) our combined income is $68,716 on the low end (they are averaging 30hours/week for me, im a nurse and work 36 but apparently they are only using 30?)

There is a wide variety of properties and geographic areas.

@Charlie FitzgeraldThank you for that explanation, so helpful to see the math broken out.

After some consideration we decided to mine historical MLS data based on:  A specific geographical area (shown below)A specific rental rate range: $1000/Mo. to $1400/MoA specific configuration: single family home, 2+ car garage, 3+ bedrooms, no pool and 1000+ SqFt of living space.Sold or rented between 1/1/2010 and 12/31/2015Below is a graph showing the average $/SqFt for conforming properties sold through the MLS during the 1/1/2010 and 12/31/2015 period.As you can see, sales appreciation has been significant since 2012.

@Jd Martinthanks for the explanation.

Read up on both wholesaling and geographic farming techniques and work a "farm" area by looking at public filings like divorce, probate and notice of default.

Conversely, I don't want to sacrifice making a prudent financial decision for purposes of geographical convenience. 

Is there anything like a short explanation on how we can sell or create a second class share, preferably non-voting shares in exchange for financial backup up to 500k?