It's a 3 day course in Los Angeles with fortune builders there program cost met my budget and I know it will be one of many that I will take.

Steer clear of any costly seminars or training (or ones you think ae just teasers for expsnive programs down the road) for now, there's plenty of learning to be done for free, and you can always sign up for them later after you've soaked up lots of free knowledge, if at that time you think they are worth it.

Also- have you checked in to CHFA down payment assistance program?

The FHA loan program DOES restrict what an FHA mortgage will buy in such cases--you may not be able to purchase a home with an FHA mortgage unless it has been owned for a certain amount of time and the seller is the owner of record.Dina Boscio: (This would make it hard to flip and sell to FHA Buyer...But there is a work around)FHA loan rules in HUD 4000.1 state that the lender is required to verify that the seller is indeed the owner, and also to check the date of the owner’s acquisition of the real estateFHA Loan Rules Include a Time Restriction on Transfers of Title Check out what HUD 4000.1 says about buying real estate with an FHA mortgage and the lender’s requirement to compare the date of purchase by the current owner versus the date of execution on the sales contract for the FHA mortgage:“FHA defines the seller’s date of acquisition as the date the seller acquired legal ownership of that Property.

The seller paid $7k a few years ago to have the place heat treated for bed bugs, and has been on the program ever since. 

Ironically, it was one of their training programs, which brought in a guest speaker who talked about flipping homes, and turned me on to the idea.Are you looking to do owner/agent with dual-agency? 

I was super excited to learn all I could...even spending the money for a rich dad mentoring program.

Lots of holes I see with this program @Arthur Banks.  

Now that you have exhausted your Low Down Payment Options (Portfolio-Conventional and FHA) you will need to use a Standard Conventional Loan and put 20% down to get your 3rd Duplex.The sky is the limit...you could continue to buy properties and build an empire or just stop there and enjoy more free time...I have friend who quit his job and just manages his properties now.Be alert, if you time it right you might be able to get down payment assistance/grants (I got $5,000 from a local program and used it to buy my interest rate down to 3.125% which is way below typical market rates for a Duplex).

@Trent Vogelgesang call a mortgage broker who offers more than vanilla programs and can originate Freddie Mac loans.