It is a pre-manufactured, and much "beefier" (Lower left photo) support system designed to provide additional vertical and horizontal resistance in wind, snow, and seismic zones for which the design criteria has been pre-approved and stamped by an engineer.

But I Have few questions about it..(1) he said he want to use part of the money to pay IRS debt of 28000 (2) use rest of the money for addition to the house and than go to conventional financing ...

@Jay Hinrichs --That's a good point, I could act as the agent in these cases, and earn a commission, But what I am really looking for is my own experience in addition to the money.  

Glad to see another addition to the Cincinnati investors.

The additional factors that are at play here is I still have 1.5 years to be able to get FHA loan or 2.5 years for a conventional due to a short sale of my primary residence way before I started pursuing REI this past April.

You might also have marketing expenses with turnover, in addition to vacancy.Jim.

Just remember, time is your most valuable asset.

How difficult can that make obtaining additional financing?

I plan to do work on the house in several rooms during that year, but it would be nice to have the additional income to offset costs from renting a room or two. 

I am looking at renting the master suite out and stumbled across someone interested in renting a room part time so might also rent an additional room like that to them if we can figure out a price that works.Then I ran across a FSBO in a great rental area...