Investment Info:Single-family residence buy & hold investment in Three Oaks.

In terms of new construction, a couple things to be aware of in San Luis Obispo County are water shortage issues and development fees/taxes which can significantly increase the building costs.SLO city and the neighboring cities are particularly diligent on their water usage, as most of the county's water supply comes from three surface water reservoirs and a groundwater basin.

Three years ago, my husband and I did a 1031 tax exchange for a rental property.

We helped an investor purchased three houses in Maple Heights and Garfield Heights for $100k and sold them for $530k!

You’re spot on, you can potentially use a 3.5% down FHA loan for new financing if income and rents from the other three units are sufficient.

Since you're purchasing your first home, you likely don't have this rental history.Lease Agreement: While a signed lease agreement is a positive step, it might not be sufficient on its own for a lender to consider the rental income in your mortgage application.

I worked with only three buyers that I trusted, respected and knew their buy box very well.

Also how had she spent last three and a half years?

Unfortunately, the only serious applicants I've received either have a criminal history, poor references from previous or current landlords, or have faced evictions in the past three years.

I did not know that triplex/fourplex would require self-sufficiency test.