@Samuel Hailai You are being too sensitive.

They definitely have some quirks and limits as far as additions go but the core structures themselves I trust more than the wooden, water sensitive, structures I see being built today.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

My area would have quiet hours and sensitive neighbors. 

I might eventually also do RE through a SDIRA too, but currently my opportunities lie within franchise investments.I think I'll want checkbook control, even though the transactions will be infrequent and not extremely time sensitive.

Most of the news makers dont know what they are talking about.California especially Bay Area and Socal is a very rate-sensitive market, meaning if market is dropping the home buyer disapper, but when rate is easing from 7 to 6% , aggresive buyer reappear too.What buyer didn't realize is that, 80% of buyer are thinking the same, they are all FOMO, thats, why they are all, appear in Feb and March.

FHA is guarantee'ing this money with their mortgage insurance fund so this is like a safeguard guideline to insure they dont go bust like in 2008-2010 when they had to raise their FHA premiums like crazy.85% is a factor to discount the gross income to calculate net rents for income and DTI purposes although most lenders will default to 75% of gross either as an overlay or some areas are in fact 75% depending on the HUD/FHA area.The 75% for the self sufficiency rule (SS) is separate, basically FHA takes the "lower," of current leases or appraisers determination of market rents. 

When you're using FHA, you're sensitive to every dollar that goes towards expenses.

I usually buy for 20-30 years so an investor like me is going to be less sensitive.

I asked them why they sell commercial properties and do not own any commercial themselves and their response was, "Commercial real estate is most sensitive to the economic downturn in the market.