Check the multifamily and investment forum where those are discussed heavily.Apartments 4 plus especially not brand new and remote count on about 70 units or higher for scale.Very dangerous to own 10 to 20 units out of state that are average type tenants and older buildings.

Or, I’d have to get an extension of the closing date, which kinda defeats the purpose/competitive edge of a cash offer.

Unless you count "hope it goes up" as an asset.

If things work out with this 2nd company, and I have one operating rental in place of two empty lots in North Port, I'll be happy(ish). ya I built 3 up in the Ocala area took way longer but they got done and we did make a very small profit on them but I count that as being very fortunate.

Properties within the same neighborhood, similar bedroom and bath count, similar square footage, etc.

I’ve had to check myself more times than I can count, but that’s part of the growth.

If you rent the basement room to someone or market the house as a whole counting the basement as a bedroom and a fire breaks out and someone dies or is injured in the basement without an appropriate egress from the room you could be liable for all of that.   

All this fancy mumbo fha guideline gumbo means is that your projected market rents assuming all units, if it were rented Times 75% need to be greater than what your monthly payment is  (PITIA = principal/interest/taxes/insurance/assessments monthly), other wise FHA will not lend at that loan amount so common solutions to this when rents are too low in your local market are to put more money down payment which defeats the whole purpose of low 3.5% down FHA doesnt it?

Were you able to find a way to make that income count, or did you pursue alternative strategies to qualify for financing?

I can get a list of about 6,000 after applying zip code filters, room count, etc.