Hello – I was just reading the article on Facebook about why beginning your investing process with a duplex works out great, what I'm trying to find out is if I can use those same rules when buying a Single family house.

So if you truly have valid reason or reasons to support your application that indeed the MFH will be your primary home, then you have a good chance of the underwriter and bank approve your loan.

You may also get your local county health department to assist with your case - inspection, verification type support.

Options  are under different accounting and tax rules if greater than one year, they are seen or default to an installment sale. 

Being based out of LA is making a lot of searching, really not fit into the 2% rule. 

While I can't say for your state specifically, as a general rule, commercial leases are governed by the contract.  

You can get a good quality neighborhood and still beat the 1% rule.  

General rule of thumb is ARV after repair value * 70% of as-is - repairs is the ballpark max offer when looking to buy.

I replied after reading the rules but my short and simple reply was deleted!

Since the applicable laws are state specific, I recommend you invest in getting the legal opinion and advice of a well informed attorney with an in-depth knowledge of the laws, rules and regulations promulgated by the state real estate commission before commencing your wholesaling business model.