I am here to create a business strategy that protects personal and business investments and mitigates risk,  procure a coach or mentor, and set up tax strategies to create long-term wealth for myself and my family. 

I'm not familiar with your market, but here are some thoughts:750 Sq ft is small for a 3/1.Interior looks like a flip but it seems like it has been owned by the sellers for a long time...so maybe not.They have been trying to sell this property for 6 months and have reduced price. 

The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.

There is a single family home that was divided and one half has been rented and an ad on small "house" that has also been rented mostly long term.

I took too long to make some decisions regarding design and it slowed me down.

@Krystal Lozano,Building a portfolio to a 6 figure is definitely a long game. 

With that said, the income can still offset the cost of holding the property as a long-term investment.

There are wholesalers in every major city in the country and they are buying at 70% to 90% of value all day long, every day of the week.

HELOC= short term useFixed (first or second) = long term use like a down payment.  

Typically you can only have one FHA loan under your name at any given time, but there isn't a limit on Conv so long as you qualify.