But before you make that decision, you need to have a serious come to jesus about what your goals, needs, and deal breakers are with regard to:Time - how much time can you reasonably afford to spend on the investment once it's made, on an ongoing basis Control - are you willing to sacrifice a bit of your return for someone else to handle tenanting, maintenance, and turnover, or do you want maximum control regardless of your experience levelResolve - if you're inclined to be very hands-on, do you honestly know that you will be able to maintain the level of involvement long-term?

SFR from my perspective works best in a lot of post industrial towns - Chicago, Cleveland, Philadelphia, Baltimore - where rowhomes proliferated lending the stock an even greater level of standardization than most apartment building have internally along with a very low cost/unit and an outsized ARV on a refinance.

According to the article below "borrowers will receive favorable pricing in exchange for limiting rent growth on 80% of the units in the property and keeping them at levels considered workforce housing for the life of the loan."

Lender requirements actually vary a great deal on rent verification, but at the basic no overlays level I'd say about 85% of FHA DU findings come back with "no verification of rental history is needed."

I am self managing these units and enjoying it at the low level. 

- If so, at what tax rate do I pay taxes - at the personal progressive income tax level that US citizens would pay or a different rate?

Is the 2 level or 3 level townhome?

So wrong, and so sad, on so many levels.

As @Maxwell Manatt points out- does everyone know their role and what is expected from them - because unperformed duties do not raise someone to the level of a sponsor/issuer and may create the presumption that the specific person is indeed an investor who actually purchased a security. 

If you lurk these forums for other discussions about and see lenders talking about it, then you know at the company level who offers it.