Investment Info:Single-family residence fix & flip investment.

A DSCR product is what you are looking for.DSCR simply doesn't take into account your personal income, instead we qualify the loan on the properties rental income (or projected rental income).Your credit, properties cashflow, loan to value & prepayment penalty are going to be the main determinants on what this loan looks like for you.

However, duplexes can still appreciate well in the right areas.FHA and Loan Strategy:FHA Loan Limitations: You’re correct that FHA loans can only be used for one primary residence at a time.

[Sale Price - (Original Purchase Price + Improvements) = Gain] In order to benefit from the $250k exemption, must be primary residence, lived in 2 out of the last 5 years, can use this once every 2 years.Looks like there's no capital gains Tax in Washington.

The split might not be great but it might be good to start getting qualified leads.

I don't think your second idea is bad to ensure things are found and documented.I ended up qualifying for a SBA disaster loan that helped when FEMA would not do anything since my properties are under a business.  

But my real estate investment knowledge is very limited to the basics that one always starts buying it as their primary residence. 

We've talked to a lender and I am currently qualified for 190k, 3.5% down FHA loan.

Hire a PM company so you don't have to deal with residents personally.

If your property qualifies for a higher amount, the housing authority will let you know what they can approve.