So it does appear to be possible to get an FHA 203k loan for a 5-unit & convert to a 4-unit.When possible, aim for the Limited (aka Streamline) 203k loan, as it's less complex, not required to get an FHA consultant, etc.Of course, this is based of the two following important assumptions:1)  zoning allows for this2)  and obviously I owner occupy for at least 12 months3)  the total purchase price + renovations are within the FHA loan limits specific to my areaWhat I'm confused about is the timeline or chronological order of the process? 

Pulling $110K in equity from a property you originally bought for $108K is a huge win—and a perfect example of why long-term investing pays off.Your reflection on remembering where it all started is so important.

Good luck with the team-building :) that is the most important phase, without which, growth and scalability will be hard to achieve!

JC - I just got the app today after coming across it in this discussion and noticed that (although it's not on the mobile app) the desktop website has a tab to upload a csv file to import entries.

This is important to know.

The important thing is to get prequalified to see what the details of your future loan would be. 

*Energy Efficiency – Given the hot climate, buyers in Phoenix look out for energy-efficient upgrades like new windows, insulation and solar panels.ABSOLVING COSTS & POTENTIAL PROFITSBefore you put down your money for a fix-and-flip, it’s important to run the numbers on all the costs, including:*Purchase Price — The amount of money paid to acquire the property.

As important a consideration is how will you reinvest/spend the proceeds from the sale to build wealth.Hope this helps.

Hi Diane,I appreciate your concerns and understand the importance of doing thorough research before committing to any program.

Verifying last 2 years of rental history very important!