There is a Streamline K $35k and under / no structural changes and a full 203k - anything above $35k that is more encompassing. 

To 3 different houses, my own my parents and a friend.  

The last 3 have real estate investing in mind.The Ultimate Guide to Real Estate Investing, and a few other ultimate guides here on Bigger pockets, and Phil Pustejovsky's How to become a Real Estate Investor -I think I have these Titles right- are good sources also.  

Lack of understanding and a good CPA IMO...Work w/ a firm that specializes in working with corporations...not some old guy that works out of his house...

This would be for a property in Raleigh, NC.I have a neighbor that I believe has a corner of his house and a gravel driveway pretty far into our already small lot. 

These numbers are approximately and based on financial institutions that I contacted and gave me quotes. 1. 220k x 3.5%= $7700 downtenants pay: 1200 x 3= 3600 mortgage: 1387 (tax, PMI, etc included)water: 170cap x: 200 (appliance depreciations, repairs, etc)loan: 176 (10k loan; my personal loan obligation) PROFIT: 1,667 mon. (20,004 yr) **I could save 6 mons from the profits and pay off the 10,560 from the personal loan.Property 2; I would write and notarize a contract up between me and a relative or close friend that will state that if they apply and qualify for a 30k loan which their monthly payments will be 528, I will pay them 10k over 12 months (834 per. mon).

However I have a fully rented triplex I recently bought for 28k and didn't put any work into it, it has gross income of nearly 17k/yr and a NOI of a little almost 10k/yr So it's a pretty good deal for cash flow.

@Matt Bacenet I have a few turns keys and a few in my pipeline that will be ready for sale in 1-2 months.

Alaska is an awesome place and a great place to invest.

Even then you run the risk of the appearance of a conflict, and the resulting potential lawsuit.The conflict arises because of the different legal roles of an agent and a principal.