So that made me start researching the minimum requirements for owner-occupancy and penalties like mortgage fraud. 

Hey Bigger Pockets Team - I have done some research on moving my 401k from corporate America to some form of self directed venue.Like Dirty Harry - I am looking for THE GOOD, THE BAD and THE UGLY!

I’ve been doing lots of research on it and Im really ready and eager to finally get started with my first wholesale deal.

Here's info on what I gathered when I was researching the options-https://www.biggerpockets.com/renewsblog/2013/08/1...There's tons of additional info in the comments section too.

I live in the Austin, Texas area, been trying to do as much research as possible about the market here.

I am of course most inclined to trust my accountant however I’ve researched some and it seems my contractor may be right.

Make sure you research the property to be sure there are no liens (tax or otherwise) against it or you may be buying more than you think. 

If someone would be so kind as to just give me a simple step by step so that I know what to research I would be forever grateful.

While I am doing all the research and completing the course, I have come across sublease agreement options.

Add additional units I started my research by going through the zoning ordinance , reached out to a land use attorney .