Since I'm on an H1-B visa, I'm only allowed to earn passive income.

Your strategy with an FHA house hack is to live there for a year and then cash out refi into a conventional with the appreciation and do it again with an FHA on a new one.Keep saving and earning and meet real-life investors.

Next year people will have reviews to read to help them decide if they trust you with their hard-earned money.

If you have an LLC, ownership percentages are recorded and thus difficult and/or costly to change if an active partner is earning equity through actions.To give some personal experience, Lending and banking can be difficult at best, impossible at worst with a Land Trust.  

So, if you give your members a great move-in experience and they stay for a while, you'll earn more than the 12% fee structure. 

Hi @Douglas Alexander, I've used the VA loan many times, but never for MFR.You can't use it for more than a 4-unit building, so 1-4 is OK, 5 or more... nope.Great plan though to house-hack it.Let me know how your research turns out ref. building from scratch.Could be an interesting idea... build like a 3/2 for your family and 3 more smaller units.Then when you move out, you can rent the 3/2 for more obviously and could earn some good cash flow.

They earn money by making minimal changes to properties and reselling them for slightly higher prices.

Just gotta go to work and earn more money.

My initial thought is to invest this into the stock market (Amazon, Tesla, Google, etc...) and keep doing that for the next two distributions as well, ultimately pulling it all back out, plus the earnings (hopefully) in 3 years time to purchase a house.Based on the plethora of experience in these forums, does the above sound like a good plan? 

Even if they don't pay, I'm still ahead because I collected $3,000 in fees that year.Again, in my experience, I have had hundreds of pet owners and only a few of them have caused damages beyond what a deposit will cover, so I have earned tens of thousands in exra income for my owners.