Generally, HML is only available for investment property you do not live in to avoid the financial regulations aimed at keeping unsophisticated borrowers from putting too much debt on their property.

The schools aren't particularly good, though there are some decent private and religious schools in the area plus there is a magnet school which is aimed at academically gifted students.

I love your global perspective - not just aiming to be financially free yourself, but to add value and stability for your community, those are fantastic goals.You're in the right place to build your business.

She lost her husband last year, so she lost his income, so now she is withdrawing a fixed amount to supplement her other income. 

A "ready, fire, aim" approach can be devastating to your retirement savings.There are several professionals here on BP with familiarity with this program.  

In this case you end up compressing your quality of life and living in a 4-plex, or something.Another way of looking at it, though, is not to make compromises and aim to improve your quality of life.

For a 203k loan on a multi-family:Does underwriting look at your income exclusively, or do they use the ARV appraisal's market rents suggestions to supplement (some percentage) your income?

If you wish to supplement your tenants rent by charging below market and avoid the responsibilities of actually operating a business you are investing as a hobby.Raise them straight to market, find new financially qualified tenants if necessary, and get down to business.

My work around has been to buy a four-family or quadplex and use those rents to supplement my lack of income from GI Bill BAH.  

Paul and I'm wondering what sort of cash flow analysis Realtors/investors like to see under MLS supplements?