And advantage to an FHA loan is that you do not have to demonstrate any sort of prior management experience.

Maybe you might throw together a sample prospectus of what they could expect to see were you to offer them a deal and how easy it breaks down the prospective investment by numbers.It will demonstrate both knowledge and experience and show them that you bring them the numbers when you come.

It takes two parties to agree to the sale though.Agents and brokers don't like this line of reasoning because it demonstrates that they are consuming a large portion of the equity with a commission, but this is the way it works in the real world.

The real issue is whether you can prove that you had the intent to hold the property for rental, investment or use in your business.The easiest way to demonstrate your intent to hold a property for investment or use in your business is to do just that.

If you have no experience and lack demonstrated skills, you need to partner with someone who can carry the ball across the goal line before you get relatives, friends and friends of friends involved.

You can read and see which markets are expected to have further decline (I believe there was a story like that on AOL a couple weeks ago).Additionally, you will need to review economic and population indicators that demonstrate a potential for strong growth within whatever time frame you are desiring to do your deal from beginning to end.Unemployment rates, projected population growth, standard of living, what % of the population in that area can afford the price home you are wanting to build, etc, etc, etc, etc, etc, etc, etc.The questions go on and on.Once you pick your location in the US - I'd recommend getting with a competent REALTOR in that area.And just because you asked for a place specifically, if you are looking for CURRENT "hot" markets, Austin TX seems to be pretty popular based off the reports/data I've read.Good luck.

Blanket loans are generally for seasoned investors whom have already demonstrated a track record of being able to manage multiple performing properties.

Or just tell him you've chosen Applicant B since he's willing to move in sooner.Picking the best applicant is not a violation of Fair Housing...if you can document your process and demonstrate there was no discrimination based on a protected class.

Make sure that the properties that you have the intent to acquire properties for rental, investment or business use and then hold them (season them) for a period of time in order to demonstrate intent so that you can qualify for 1031 Exchange treatment.  

Can you demonstrate that you will be a responsible tenant?