In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.

I work with several who go to 600 or don't require a FICO for commercial at all.  

Set clear and consistent application requirements so you can base your decisions on solid facts.

I have been able to find a couple of options for this setup though, they just require separate leases for each room and sometimes 2-3 months of rental receipts as well. 

Using a HELOC for the down payment on the second home might be an option, but lenders may require you to wait a few months post-closing on the multi-family before approving new loans.The BRRRR-style approach could work if you can renovate and refinance quickly, but make sure the timeline aligns with your lender’s requirements.

I actually like them because the homeowners' association (HOA) usually covers most of the insurance, and there is very little maintenance required.

The vast majority of properties at their available prices will not meet this requirement.  

If the permit wasn’t required, I wouldn’t have pursued the replacement at this time.

This will help you understand the qualifying requirements, key factors to consider when purchasing, and how to assess whether a property might be a good investment at first glance.

Dwelling/Fire policies require that you request a limit for contents.3.