I am in the beginning phases of interviewing my dream team which includes an accountant. 

Especially on an older home, the frame may not be designed to hold all of that extra weight.  

Now granted this is not money in your pocket but if you are planning on keeping the property long term, does this approach of taking advantage of the FHA loan to buy a property you wouldn't dream of buying right now because you lack the down payment cash make sense to do?

So please bring your wants and needs, your hopes and dreams, your successes and your failures and join us for a night of networking with like minded investors.

I have no dreams of being an agent for anyone other than myself and or my LLC's.  

We have a lot of weight (and liquid capital) behind us, so we can negotiate faster and harder than an individual, we know how tax auctions work and can place competitive bids, we're built to find solid properties that need work, and buy them as cheaply as possible.

Potential rent on 5-unit $2,575/mo All of these rental numbers look great to me, but as of right now it is all a pipe dream as they sit vacant and in need of a remodel.

That's the dream.

, well no but it will greatly improve your success rate. yes you can do seller financing but most of them would want to see your credit report and will most likely not give you favorable rates. seller financing is harder to come by these days as it is mostly due to cash buyers. can you do a rent to own or a sublet lease, sure you can. but again, most will want to see a credit report before leasing, at least that's how it is in NYC. no one on here is trying to discourage you from fulfilling your dreams and no one is trying to give you an easy answer. were all here to share our thoughts an opinions to benefit one another.

So now am at only 2500 per month the large house allows for a separate rental space for airbnd that will bring in about 2k so my net will be 500 per month I live thE house of my dreams.