Could there be new FHA guidelines I'm not aware of - you bet. 

Are you that hard up for revenue that you need to send private messages, to get people to look at an advertisement for forms you're selling that I haven't needed in decades?

Fred website shows vacancy rate was 11% in 09 and for those buying 5 caps assuming 5% vacancy, are betting on perfect conditions for their loan term.

Send me a private chat and we can exchange #s , if you'd like to chat.

You may be better off trying to find a private loan from someone to pay all cash and then pay them as you would a bank.

If i may ask, did you use hard money or private money for the initial renovations?

Since I buy properties for less than 50K, HELOCs are the best bet for me.

If they are privately owned and in your name then there is no risk of that and it just becomes a basic dollars and cents question on the terms :)As far as lending I can say that there are companies that still do no income docs loans for investors since that is what I do exclusively!

My apologizes for knowing next to nothing about tax write offs and private ownership!

I have potentially raised 90% of the required funds through the combination of Private lenders, land owner and syndicate investor.3.