If costs are high, how can I approach lender to reduce?

Even if you are "losing" some money per month depending where you live,  your housing expenses are still reduced by tenant income.

., is that these homes are cheaper, reduce the need for architects, various contractors, and dramatically reduce building time. (10 weeks from start of fabrication to final completion on-site).

Hi @Varinder Kumar,Take whatever you are preapproved for using normal FHA, reduce that preapproved value by about 40%, tie it up in contract with a 60 day close for a purchase price at or below that reduced amount, and then go learn the nuances of 203k and decide if you want to do it or not during your inspection contingency period.

Track every income and expense you incur and/or are responsible for in report form and review them regularly with others you know and try to possibly reduce the expenses or increase income.In the beginning especially, always do this when you are looking at properties you are to buy, you do the math anaysis and try to look at the subject properties before you make an offer or at least have clause in the sales contract that allows you some time (usually 10 to 15 days) to make a detailed inspection of the subject property and possibly back out without a penalty that hurts you too bad.I found BP about 19 months ago while at home and medically recovering when I needed something that was more flexible than a typical 9 to 5 job and I was qualified for at 60.  

That will reduce some of the feelings of being overwhelmed as it's you simply progress through the book rather than going off on 50 different tangents. 

I would have to manage them.Managing causes me a lot of stress and anxiety.

If a lot of work was done and they have signed off permits the odds of non permitted work are reduced.

It helps a lot of buyers to know they can help reduce their upfront costs.

The pros of multi family for me are lower cost per unit, multiple income streams, scaleability, reduced maintenance cost per unit.