Some quick points:FHA is great for buying properties that have multiple units (up to 4) when you're going to live in one.You can do either a 203K renovation loan or regular FHA insured loan.FHA is not only for first time home buyers.  

The best and fastest way to get your answer is to talk to multiple property tax protest firms, you might be able to fish for your answer or at least you could hire them and they can take care of it for you.

His concern was that he as a L1 visa holder he cannot engage in actively working outside of his current employment.

Additionally, if I can use the funds for multiple deals that make sense, I would be open to that as well.

The idea would be to serve people anywhere that need help but don't want to engage a full-service, luxury designer when you need to save money on a reno or flip.

If the deal size you are buying in is too small to get optimal loan terms you may want to partner on a larger deal where multiple lenders will compete to fund it.  

Two other people and myself are looking to buy our first rental property together and are trying to determine the best structure to set up the agreement (such as an LLC).  We are looking to purchase in the Memphis are...

I know there are some new rules around owning multiple units in a HOA.

Point being is I would try and become an "expert" in one area before you try and mail to multiple and run the risk of becoming overwhelmed.

There are multiple things wrong.1.