As Thomas mentioned - narrow down your area, buying criteria, understand the numbers and how to evaluate a deal, and build your network.

I don't fully understand it yet.

However, it’s important to understand the loan’s key requirements:Owner-Occupancy: The borrower must live in one of the units as their primary residence for at least 12 months.Single Borrower: FHA loans are issued to individuals, not partnerships or entities, which means the loan would need to be in your name alone.Given your scenario, only you can qualify for the 203(k) loan since your partner does not intend to occupy the property.2.

I have never invested in syndication.I understand diversification in different asset class (precious metals, real estate stocks etc).

Quote from @Jeff Chisum: 100% of my business is helping clients in all 50 states with purchasing vacation homes/STR properties. 90% of my clients use the 10% down second home occupancy loanIf you want help with understanding loan options and what could work for your situation, get ahold of this guy asap! 

@Kyle Luman I’m not sure if you understand the nuance, but your post made me wonder so I’ll share some insights in case it wasn’t clear to you.

Education standards must be raised so that students actually use their heads for something besides hat racks (allowing them to actually earn a living) and have ready access to birth control (all types of) so that some mistake doesn’t derail one’s entire life.Slow down immigration, too.

Before you go any further, I think you should understand they are 2 entirely different things.

I find it helpful to know the 'why' to help understand and move forward.I would 100% recommend you talk to a lender and get preapproved before moving forward on the triplex.

I'm trying to understand... you're doing well in a huge market.