And here is a PDF explaining it for both Fannie Mae and Freddie Mac: https://www.radian.com/-/media/Files/Enterprise/Training/QRG...Understanding Foreign Income Foreign income is defined as income earned by a borrower who is employed by a foreign corporation or a foreign government and is paid in foreign currency.

It typically covers the structure under construction, materials, and equipment on-site, in transit, or stored elsewhere.

Some places you can find these are yard sales, antique stores, World Market if there’s one close to you.

Bonus Tip:  Find a distressed HUD Home (google Hud Home Store) and you can buy a house for just $100 down!

As for insurance and all that, most of what you're hearing is media noise and really not accurate/blown out of proportion. 

He is in the media business and knows that eventually this thread dies.  

When they hear Wholesaler they think in the wholesalers who supply retail stores with Products.  

I wanted to bring in more houses, I wanted to take pictures with the guys and our remodeled houses like trophies and make media to bring in more sales, perhaps joint venture with other investors and grow a really strong powerhouse of a team and take on tough, challenging places and really beautify an old neighborhood.

Aren't you glad that some antisocial media influencer brought this "tax strategy" to your attention?

Lot less multifamily which is why I haven't bought but it is where I grew up.Make sure you study the eviction laws, I believe tioga County (but could be a different close county im not sure) my lawyer told me that you now HAVE to pay to pack up an evicted tenant professionally and store it for months at your own cost if they leave their stuff behind.