That’s ARV, , number of bedrooms, rents, expenses (including any utilities), conditions and estimated repairs costs, etc ...Why?  

There are many different formats but most have some things in common.

From a construction standpoint we have pretty much done everything other than pouring a foundation and hooking up utilities so it seems very doable to do this as the builder which would keep costs lower.  

I think the two most common avenues for beginners is either rehab and flip or buy and rent.

I guess she must just be using the word incorrectly...I didn't realize this was such a common problem.

If you're self-employed, the Solo 401k will provide many benefits over a self-directed IRA: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

Who is responsible for common areas inside and outside the house?

I didn't have to submit copies of utilities. 

HomePossible can be utilized for multiplexes at 5% and is less likely to have income restrictions.

Big banks also don't have as wide of a range of loan products available, so it's common that they don't have suitable products for self-employed borrowers.So back to your question, better ideas on financing options....