I will note that some of the information on here will be different for you especially when it comes to loan products and requirements so that is something to keep in mind. 

Any conventional loan products for property in a flood zone (not sure what flood zone 9 is) requires flood insurance, which can be very expensive, and rates have been rising each year. 

First someone new will be living with you and that requires adjustments.Second it's not just someone, but rather it's your in-laws which can bring stress to any marriage good and bad.Third your introducing a money factor into a highly personal relationships. 

If not FHA, you could use it for your next purchase and the owner occupancy requirement is 1 year, not 2 as you mentioned.

I would say you are off to a good start just by showing interest and enthusiasm for the investment business.o Age: many private lenders require someone to be 21+ years of age.

Hi All,Section 8 (and other entities) understandably require a W9.

It required MAJOR renovating which cost quite a lot of money.

Also, some banks I've talked to require 30% of the balance to be held in their account.

Does anyone know if you can refinance a NACA loan after a year without having to pay the 25k lien put on the property and also doe that release you from the occupancy requirement?

There are some things that can cause issues with your upfront approval or end up causing a denial in or during underwriting that an unexperienced loan officer will not know or catch.One big thing to keep in mind is when you are buying more REI the guide lines require more assets and PITI reserves and a HELOC can "Never" act as an asset or PITI reserves.