Mindy Jensen TSP stands for Thrift Savings Plan (I googled it).

@Mindy JensenThe guy goes to my dads church.

Originally posted by @Mindy Jensen:@Cory Newton , FHA loans are for owner occupants. 203k loans wrap the rehab costs into the mortgage.

@Mindy Jensen - here is a thread that contains a few links that will get you a broad variety of answers both pro and con:https://www.biggerpockets.com/forums/12/topics/729...

If your looking at a syndicated fund there are some definite items to keep in mind. I

@Jeff Burdick if you don't mind I will PM you too for their info

If the city could prove that the home was either not lived in for a year or that it was used for any commercial use then they would deny the certification and traditional residential financing would be a lot harder to get.Something else to keep in mind is that if I did change the use of the land I would need to bring the standards of the lot up to today's standards.

The biggest factor in my mind is being able to profit from owning rentals with the least headache. 

@Mindy Jensen As a native Clevelander, I avoid talking football.  

With your expertise you may be able to help me greatly.In my mind, I am thinking that a GC would handle siding/wrap/sheathing/insulation/drywall, carpentry, demo, framing, finish installation (cabinets etc.), flooring and minor painting.I definitely want a specialist for roofing...