You should always talk to a mortgage broker or bank first to find how much you qualify for before starting the investor journey.

New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

Generally yes a HELOC will go off your personal finances so qualifying is generally based on your income, liabilities, and credit. 

How many mortgage lenders have you spoken with to get qualified and discuss allowable down payment options?

It is highly specific, my recommendation is to contact the city directly with qualifying questions or have us do it for you :) In general Astoria is also a No-Go with the exception of commercially zoned properties.

This is a long revived post- I'll add a little tax pro insight from what's happened in the last 2 years The IRS went from < 100 engineers on staff who were qualified to audit cost segregations to a few hundred. 

I’m not a first time home buyer but wife would qualify, I want to put down less than 10%. 

The person worked for H&R Block, now works for TurboTax Live and is being honest about their skills: NOT QUALIFIED.

.: In a prior post from about 2 months ago, Kerry Malarkey and Nathan Gesner mentioned a small landlord is exempt from FHA requirements requiring the acceptance of emotional support & assistance animals if one of the following is true:"Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at once" (Quote from Nathan's reply))https://www.biggerpockets.com/forums/52/topics/1219359-pitbu...Given this, if a landlord does qualify for the exemption, what exactly does this mean? 

This would probably allow me to qualify for the FHA loan if this is true since the giant loss is throwing off my DTI.