Originally posted by @David Faulkner:Originally posted by @Mike Fletcher:Originally posted by @Alexander Monnin:You can understand this.... if we are dealing 100% cash only without using any leverage, I count a few markets that outperforms LA when you look at both cash flow and appreciation.

You fully intended to live there for a year, but your life circumstance changed for reasons beyond your control.Now, if you'd REQUESTED the work transfer, that would be a very different story.And, interestingly enough, since your job transfer was >100 miles away, this is the narrow circumstance where you should be able to get another FHA loan, and count the rental income from the departing residence that's also in an FHA loan - NO need to refinance (as always, barring overlays).

Rent would remain untouched at $1200.Mortgage payment would also be divide by 2 in my calculations because the units mortgage should only count for $500 since there are 2.

With the mortgage anyone trying to sue would see the recorded mortgage to your mom  (make sure to record it) and see that there is reduced equity - that might deflect a lawsuit in itself.If she is lending to you below the market rate the difference is considered a gift and will count against the annual gift limit.I would suggest paying her the market rate.  

seems to me you could treat them just like your would a tenant.I mean your going to entrust far more money to them than counting on a tenant pay you rent right the worst a tenat could do is beat you out of a few months rent.so I would think you want the basics.. credit report and criminal backgroundafter 35 years of lending Hardmoney you would be shocked at what you find.. 

Almost everyone I've seen will ask if you're a "qualified" investor (something like $1M net worth NOT counting your primary residence.) 

Anything I can learn is counted as a blessing! 

Does anyone know if we form a joint revocable livingg trust, and place all of our current properties inside the trust, will Fannie Mae count these as joint ownership thus limiting us back down to 10 total loans or will we be able to still purchase 10 each?

Does that count?

I would be super disappointed if I was counting on those numbers up there, wouldn't I!