The problem many of us run into is being in New England, many of the markets are high cost, high appreciation markets that we either can't get pre qualified for, or even after moving out will struggle to cash flow.Another big constraint is that many of us have W-2 jobs in engineering that require some days in the office, and these types of higher paying jobs are primarily in major cities (most of us are in the Boston area).Lastly, a lot of us have significant others that may be less interested in living somewhere "random" because it makes sense as an investment.

This will allow you to qualify solely based on the income that is produced from the rent of the property.

Investors only receive a share of the income you actually generate, you will not owe a fixed repayment block.Difference here is that this model is for owners who either don’t want to take on more debt, can’t qualify for the financing they need, or have little time.At best, this is word games. 

you don't buy with long term / conventional financing and then refinance again into long term / conventional financing - many properties are too distressed to even qualify. so the "interest rate when purchasing" is irrelevant - the deal either works or it doesn't.

You should be able to get some people there who are qualified to do that kind of research for you. 

If your project qualifies for EPP (Express Permit Program), then you don’t have to secure permits in the traditional way.

Median-priced homes will attract the highest percentage of qualified residents looking for rentals and the highest percentage of owner-occupied home buyers in the future. 

Yes, that's the plan and I have bankers lined up to invest through the CDFI but, per the guidelines, I need a track record as a fund first to qualify (the bankers also want to be second round or later).

If you buy in your name you can buy them with conventional loans as long as you qualify which have better loan termsIf it makes any difference and will better guide your answers, we live in Ohio.Nice.

Hi Shayan, You will be able to close on properties quickly and have access to rehab funds immediately if you are able to qualify for a HELOC that can cover both the purchase and rehab.You should be careful though as if you cannot sell the property or you run out of rehab funding, you may end up being over leveraged.