He qualified and holds the loan.

There are some areas in that zip code that do show a pride of ownership by residents. 

The research you do in your downtime may have conflicting opinions on if it qualifies or not, but I would think most everyone would agree that the work you're doing specifically for your employer does not count.

Texas is pretty quick to foreclose and should only cost you about 2k for the attorney.Once you take the property back, get another down payment, but make sure you qualify the buyer with an RMLO.

Investment Info:Single-family residence other investment.

Investment Info:Single-family residence fix & flip investment.

I’ve been told that “house hacking” or buying a single-family residence (SFR) with a downpayment assistance program and renting out the rooms is a good place to start.

Hello everyone,I found a fix-and-flip deal where all the numbers look good except for the fact that I don't qualify for the loan due to not meeting liquidity requirements.

Investment Info:Single-family residence buy & hold investment.

He doesn't want to use a bank because of the paper work and qualifying he says.