So, as long as you qualify for other kinds of loans you should be ok in a worst case scenario.

Generally speaking, as long as your daughter has not reached the $13M lifetime gift limit, the gift won't be subject to gift tax.You would want to get a qualified appraisal for the the fair market value at the time of gift/sale, Zillow is not the most reliable :-)

Investment Info:Single-family residence wholesale investment.

Separate question for the lenders out there: Could this qualify as a second home for FHA based on her occupying one unit?

One note is that if the property was helping cover my costs of living while I house hacked it I wouldn’t worry about negative cash flow while I resided there.

That way you can see what you qualify for.

I believe you can, as long as you both owner-occupy the residence!

@Brody Veilleux You’re right—FHA loans are only for individuals and require you to hold the property personally as a primary residence for at least the first 12 months.Transferring to an LLC:1.

I use Facebook groups a lot but vet the contacts  that I find there  with caution..we do have a property manager at moment .She has had no luck yet finding viable qualified tenants unfortunately . 

-what is the background behind your plan to 'drive for primary residence'?