Hello All!I’m an investor local to Oklahoma City. I’ve done a few deals in the past, all of which have been single family and one duplex. I’ve decided to make the switch to multifamily because of the attractive cash f...

My wife and I are both REI professionals and it works great if you meet the qualifications.

You can demonstrate this with a professional looking package that describes you, your qualifications, your team and, very specifically, the kinds of deals you want to buy.  

You won't find much in Alpharetta for less than 300k let alone 400k, but there are nearby markets worth exploring that meet your budget, depending on your pre-qualification. 

This disintinction makes 203k FHA better from a qualification perspective because the self sufficiency rule above is easier to meet especially when future market rents or ARV rents are much higher.Regarding your comment about "throwing money away," about paying mortgage insurance, you're not throwing money away its because the MI is needed for you to qualify with no money down.

Although I still recommend setting up the LLC to have the business name and entity (you can also start showing income for mortgage qualification) but hold off on the s-election until the income dictates a need for tax savings.

If it's a larger organization, feel free to inquire about their staff qualifications.2.

I start by including some of my qualification criteria in my marketing.

If it's a larger organization, feel free to inquire about their staff qualifications.2.

You need to get to know the different types and their qualifications and programs.