First off, kudos to you for building up the savings and diving into the multifamily market with an FHA or Fannie Mae loan.

I will have 2 closing in the next 2 weeks.

Hey @Chi Lo - I actually have a video on my YouTube page about this (lookup ClosedByMo on YouTube).Regarding walls being damp and waterproofed, it means there needs to be waterproofing on the basement retainer walls (this is something you can do post-construction and the contractors would need to dig around the house exposing the basement/foundation to apply the waterproofing). 

Look up the local wholesalers in the area. 

That is far from “the norm”.

You need to do renovations, improve the property, and drive up rents.

What is the experience with this program - Pro/Cons, watch outs, etc?. 

And the agent license was same, I didn't want to represent clients, so the ongoing cost and time investment was not worth it.I had never heard about lenders allowing higher LTV, or anything like that simply because you have a license.  

It all depends on the state.

In short: rents and cash flow have not caught up with the rising interest rates since 2022.