I'd avoid apartments or any costar product for that matter.

I want to utilize either a 2nd home type product or investment property product.

So I got a tenant application who has a credit score of about 520 and same for spouse. No debts and almost nothing on credit report. It's almost blank. With a few inquiries from auto dealers. they shared 3 months bank...

We try to do them 60-90 days BEFORE lease renewal, so we don't renew a tenant taking poor care of a property.Appears your tenants will be challenging your keeping of their SD.

We use a product called Vital Oxide in our flips to neutralize odor and disinfect.

I am open to other lenders and products, But currently seeking funds of $467kOne of my goals in Real Estate is to acquire and manage homes in my hometown.

@Gino BarbaroWe are buying smaller BTR product direct from builder at completion - typically projects with 10 to 20 duplexes per property.

You may want to opt for a different loan product other than FHA. 

On the flip side, having more choice in location with an existing product could be advantageous to both his personal life and the earnings potential; add in the second unit having the potential of being a STR/MTR and location becomes even more important.The contract/permit side CAN be challenging location by location; assuming he's working with someone who knows what they're doing, Raleigh makes it easier to get permits for these larger "small scale" projects than Durham.

This is not sound advice but poor criticism.