I took @J Scott spreadsheet (SFH_Rental_Analysis) from the file share and altered it to reflect when my taxes and insurance changes occur for each year.

He was so proud, we would go to random dealerships when we traveled as a family so he could see the sticker, and see if there was any defects, or if they did any major alterations to his design at all(they still haven't 20+ years later).There is nothing exciting about what I just described.

As we have hit a snag with the active credit issue, will this issue also alter our ability to refinance?

They will need to have someone translate it.

This is not a trivial process (even assuming that the property has the correct zoning designation for 3 units), as you will need architectural plans approved and will have to pull a major alteration permit (which will trigger the need to bring everything up to fire code - sprinkler system/fire alarm with pull stations/fire-rated doors and sheetrock, etc.).  

And you can't work independently until/unless you have worked 4 years as an active agent (with a broker) and after 4 years you study and get your own broker's license.What this probably means is that you'll have to find a broker to hang your license with so you can remain "active", but who understands that you will not be acting as a truely active salesperson  (translate: you won't really be making him/her any money to speak of).

This translates into "if you make two groups of BP users- ones that do exactly what I do and everyone else- the everyone else group are all doing it wrong".:)

This loan is an incredible tool because it allows you to purchase a property that needs work, which usually translates into a better deal if you buy right, eliminates the requirement that you were a landlord for 2 years, gives you a low rate, and in my opinion, the best part is that you gain renovation experience with a consultant that's on your side.

I started a member blog with the translation into Spanish here at Bigger Pockets. 

Hi Wayne-I looked up the law on this and you are correct; the foreclosure can take place in any county where the land has a partial presence.However, there are a couple other issues I am concerned about.The first is that the law firm pursuing the foreclosure altered the legal description of the unit.