@Andrew Rickli , it is not for the faint of heart, and if you aren't going to use the capital gains benefits, there really isn't much upside to living in construction.I do the live-in flip for the sole purpose of putting all that cash in my own pocket instead of paying taxes on it.If you're interested in that sweet, tax-free growth, my answer changes.

And not to sound naive, but she does seem like a very sweet and genuine person.Also please keep in mind that I am currently living here, and I will have to hustle to be moved out by June 1, which I plan on doing so that she can begin moving in at that time.Thanks again for everyone's input.

The constitution is really pretty short and sweet and too the point.

You hit the sweet spot actually.

Whether you hack or not, this looks like a pretty sweet deal and I am super jealous. 

@Filipe PereiraAs for returns, I have heard there’s a sweet spot in every market, so maybe as close to the 1% rent to price ratio after rehab is all done while still being in a pretty safe neighborhood.

Switched to Finance and found my sweet spot where I could use my natural talents with numbers and formulas and score just high enough on exams to make up for my lack of completing assignments. 

Clayton and his wife seemed like such a sweet, caring and HONEST couple...I'm really sickened by the way they have handled this whole thing.Feigning ignorance at every step, and passing blame.There are so many allegations of neglect, fraud and mismanagement by Clayton and Natali online, I can't even keep track of them all... and not just from Bigger Pockets.BBB, RipoffReport , all the big consumer protection sites, you name it, there are serious fraud complaints on all of them.Its saddening and sickening.Morris Invest Lawyers just come up with the same lame response to every allegation (paraphrasing) "Yes, we know you go screwed, but it's not our fault because technically we didn't see you the house!"

I can say that for me, being a college drop out has led me to this sweet spot in my life where I'm living my dreams and doing exactly what I want to be doing Every.

In some limited cases, with enough documentation and sweet talking to the underwriter you can make an argument to use 75% of gross income - PITIA even if the tax returns are filed (i've done this too in cases where this formula is better for income calculation).4) no rent rolls are needed on conventional loans (they are at portfolio lenders, commercial departments at credit unions, community banks, or commercial banks)5)  Addressed in #16) not for standard FHA program, the income limit is usually with first time home buyer programs that piggy back on top of FHA (FTHB), but not the regular FHA program.7) Technically no but banks typically want to see 620 +, there are some that go to as low as 580 fico that I've seen but, its a hellish trying to get one of those clear to order loan docs.