I tend to buy "4 unit buildings", because that's the max that's allowed to get a subsidized residential loan, but the reality is that the Census would label some of them differently because some have more than one household in them.

Question #1) Should I make the lease out to his Grandma and not him, since she makes the majority of the household income every month?

Hey Everyone,I'm looking for some feedback on a wholesaling strategy that I have put together and plan on employing sometime next week.Using the website ListSource, I have compiled a list of 1000ish properties from 3 zip codes using all mortgage types.1.From the property tab, I am customizing my list using the following criteria: a)Equity (%): Any properties that have more than 50% equity b)Property Type: Residential Townhouse, Residential Multi-Family, Residential Duplex, Residential Triplex 2.From the demographics tab, I am mailing to "Household".3.From the foreclosure tab, I am looking at pre-foreclosure initiated properties.4.From the options tab, I chose absentee owned properties. 

@Josh Calcanis The FHA 203k loan is the agency's specialized home construction loan.Available to both buyers and refinancing households, the 203k loan combines the traditional "home improvement" loan with a standard FHA mortgage, allowing mortgage borrowers to borrow their costs of construction.The 203k loan comes in two varieties.The first type of 203k loan is the Streamlined 203k.

We are wanting to purchase a property as an investment, my husband continues to work but I have been a real estate agent for the last couple years not making very much (household income of about $150K).

The goal of the spouse formerly earning $90k (maybe $25k after taxes and daycare) is to gobble up enough RE that there are over $25k in tax savings, meaning buying RE is more profitable to the household than going to a day-job earning $90k when your spouse is making $10m, and a parent gets quality time with the kids to boot.Next is net loss carryover. 

To sell them at "rock bottom" and invest the cash we'd reduce our household income by half or more. 

As with our consumer data there is usually just 35% of consumer households that have land lines.

@christopher brown,I started out learning about the ss hands on by, managing (3 units starting out) and  also involved with the development process in a ssf from the ground up, so based on my experience,a brand new ssf will need 1 to 2 years to fully stabilize.Proformas made by the brokers do not really mean anything because in all reality they cannot predict how fast the units will rent out.You do need to get know who/what your comp is as well as the market report for the households up to 5 miles. 

Our criteria: Gross income (for the household) of at least 3x monthly rent - verified by 3 most recent paystubs.