Three year old threads shouldn't be relied upon for information.As of about a month ago, the 95% LTV Conventional program that allows for 2-4 units now caps your income at 80% of the median income for the census tract.

I say no, because I find it's hard to capture additional equity in suburban or tract-built neighborhoods.  

Keep a cleaned up leaky free property and your in good hands as well as a walk thru annual inspections, if you get them, $350 typically covers a full tract home trench and treat with a 1 year warranty...

As we build our team, business plan, and organize finances we realize the tremendous importance of keeping tract of those assets and its financial.      

Also I have found some sellers with large tracts of land will break out ten acres of their property.

(I'll do my intro later...)I am going to look today at a 2.8 ac tract w/creek and a few trees (nearly UNfindable in these parts) with two mobiles.

The neighborhood is a small one with tract homes of 2/1 and 3/1 @ 925sf and probably about 40% are rentals.

Kristine Marie Poe   In my brothers case its a 10 acre tract with no improvements next to his 10 acres.

"According to BBVA Compass, the subject property must either be located in a low-to-moderate income census tract (as determined by the Federal Financial Institutions Examination Council) or the loan applicants cannot have an income greater than 80% of the median income for the area, per the guidelines"http://www.housingwire.com/articles/33120-bbva-compass-launches-zero-percent-down-mortgage-programSounds great for those who invested in low income housing areas don't think Los Angeles would have areas your friend would want to live in

I had no idea you could buy in those tracts for that price.