I had to look for over 9 months.One thing to keep in mind if you decide to go the FHA triplex or fourplex route is the self-sufficiency rule, which states that 75% or 85% (depending on which state you're in) of the market rents on all units (including the one you will occupy) need to cover your monthly payment (principal, interest, taxes, insurance, and mortgage insurance).

Thank you for your offer, some one who lives there and can self manage I think will easily be able to make this work and create a 10% unlevered return.

@Chase London For FHA loan you have to show 2 yrs of consistent work or 2 yrs of self employment.

Hello, My name is Michael Schueler, I'm a general contractor that's done 29 flips and rental rehabs for a investor all over the Tampa, pasco, and pinellas county area, now it's time to make the money for my self.

@Chase London For FHA loan you have to show 2 yrs of consistent work or 2 yrs of self employment.

Hello, My name is Michael Schueler, I'm a general contractor that's done 29 flips and rental rehabs for a investor all over the Tampa, pasco, and pinellas county area, now it's time to make the money for my self.

@Cyrus Kouandjio i would suggest learning as much as you can about the industry and seriously educating your self on the area that you intend to target.

Closing attorney suggested self put property in a trust, and then sells me beneficiary interest (much less likely that bank calls the loan)Question now is how to properly insure it...  

@Amanda Malson,As a general rule, flip income is ordinary self-employment income, not capital gains.  

I have a buyer client who is self-employed and has hard time qualifying for a loan.