Not to mention the buying process between the two.

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? 

.: I'm very new to this and would love to get your thoughts on this and are there any downsides to the process?

County is not helpful or forth coming of process. 

I''ve only heard of ones existing who work on large constructions projects, not small single family home investment properties.City inspectors will inspect as part of the permit process.

Hit a few bumps throughout the process but overall went good and onto the next one! 

I’m also in the process of finalizing my business plan and setting up my LLC. 

This is all part of the process of being a landlord.How are you accessing background checks?

Investment Info:Building a Fix and Flip/Wholesale Active Income Arm of Our Business.Routinely have 5-10 active flips/wholesale deals under management/in process.

Be sure to shop around for the best terms and understand the refinancing process post-rehab to ensure your numbers work.