Posting the same question in multiple forums.After reading through, I learnt the lessons and applied it as regards questions I would normally ask about my interest in wholesaling as a strategy to starting in the Real Estate Industry, I realize a whole lot of persons had same questions and I learnt from the Responses on the various discussions.It also changed my perspective in the way I approached the vets in the house, right now I just want to connect, I mean we are seeking financial freedom and for most of us that is time to do what we want and if I don't have regards for your time by being valuable to you, then I don't regard you enough.

It can be applied directly to the settlement, so you never receive it.

@Brittany HeilI'm not certain if this applies to all markets, but our lender (and loan product) and property insurance company expected us to move into the Primary residence within 1-2 months.

Since this doesn't apply to 2-unit properties, would you say my plan to use FHA could be feasible for a duplex in the area?

Google 'non allowable VA loan costs' and you'll find plenty of info, in most cases the escrow fee is likely to be the main thing that will apply.

Airbnb is also exceedingly easy to get an idea on what 3BR comps in the area are getting for their weekday/weekend ADR, cleaning fees, as well as seeing if there are common check-in/check-out times, minimum stay restrictions, and how booked up their calendars are, especially right now heading into the back half of the busy summer season.As far as the what kind of legal structures to use for this property, there's so much noise on social media about stuff that just doesn't matter or apply to most people, so I wouldn't worry about overcomplicating your purchase with trusts and holding companies at the beginning. 

There are LOTS of incentives if your project can apply to 80% AMI or less.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

The laws apply to owner occupant but puts fear of regulation into any lender. 

Just have to write more offers and buy uglier properties:)Flips are done at even higher price points, but again, have to be very careful to understand the Neighborhood, where it's heading and then the block.We've applied Class A, B, C & D labels to all of Detroit's 183 Neighborhoods - to help investors make wiser choices.