That's why a lot of guys will get their 10 loans(FNMA limit) and then go look for a portfolio loan to pay the 10 off..

So remember, for legal and tax planning, a good CPA will recommend that clients hold their properties in an LLC or Limited Partnership and run their businesses as S Corporations to avoid self-employment taxes.

Unfortunately, my experience has been that the options are limited without paying high fees.

Because of the losses we were taking and the amount of equity in the home she took a reverse mortgage.

-After my divorce, I was saddled with a million dollar house that I was finally able to sell at an unfortunate loss.

.% down of the purchase price and the rehab costsCan be used for primary residence with 1-4 units (could also be looked at as a disadvantage)  When using 2-4 unit property, projected income from other units can be used to qualify 6 months' worth of mortgage payments can be rolled into the renovation budget if the house is deemed uninhabitable by the HUD consultantCredit scores can go down to 600s (lender dependent) DTI can go to as high as automated underwriting system allows (typically 56.9%)Allows you to buy a property in any conditionCan use it to fix minor repairs all the way up to basically a full tear-downFHA 203k Disadvantages: Interest rates tend to be about .25-.5 higher than regular FHA loan Additional costs include HUD consultant fee, inspections, title updates, and supplemental origination fee (Cost of doing business, but this is built this into your numbers, so it's no big deal)Must use a licensed General Contractor for a full 203k or up to 3 specialized contractors on the limited 203k Must hold onto the property for 1 year and live in it. 

The asking rents that I saw in 21234 seemed similar but I'm basing that on limited information.   

Once you have an honest assessment of these expenses you can get an accurate profit and loss projection. 

Does FHA loan get counted in the four loan limit that many banks has?

Hardwood can take the abuse, but it has a limit as to how many times it can be refinished.