Most big banks will follow FHA guidelines, but some of the local banks / credit unions have more aggressive products and can lend with higher LTV or DTI limits once you have some experience.

All you can do is go in and inspect the place, but to what productive end if the previous owner still has access? 

FHA has slightly lower down payment, but you are forced to refinance if you ever want to get rid of MIP so you end up making that payment one way or another.Ask your lender what are all the differences in the products.

If someone is offering a 75% LTV of ARV loan and someone else is offering 80% LTC of ARV....then that 75% loan would be a superior loan product. 

There is a turnkey market starving for good product out that there. 

I am skeptical that would be productive.

I'm also a grad student so my financial situation is not actually the best and I'am currently enrolled in a credit repair program (hopefully that helps with potential loans if need be) so I was thinking that maybe NACA would be a great start to purchase a multi family to house-hack and product passive income.

I specialize in Dorchester and right now, the average asking price for a three-family is over $1,000,000!

However, my heart is with real estate investing- so I ended up brokering where I invest, as I have a huge edge in knowledge over the average broker in the Capital District.

POPULATION 1 MILE 5 MILES 10 MILES TOTAL POPULATION 1,857 45,944 194,648 MEDIAN AGE 45.3 41.1 45.6 MEDIAN AGE (MALE) 44.0 40.0 44.8 MEDIAN AGE (FEMALE) 46.6 42.0 46.4HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES TOTAL HOUSEHOLDS 775 17,852 79,799 # OF PERSONS PER HH 2.4 2.6 2.4 AVERAGE HH INCOME $50,353 $57,011 $56,327 AVERAGE HOUSE VALUE $174,711 $257,379 $232,066