Its a great way to blend investing and saving on cost of living in a pricey market. 

For example, you can buy a $50,000 house that will rent for $1,000 a month, but it will also experience significant tenant problems, expensive turnovers, long vacancies, and other costly problems.

The home needed targeted renovations that aligned with our strategy of maximizing returns through smart, cost-effective upgrades.

Fire rating exterior walls on structures like these would be another expensive requirement that would continue to drive up the cost housing which is the last thing we need.Here's the code section I found Exception #2

Under this model the PM's financial interests and my financial interests are well-aligned.Under their current plan, a $12K/yr rental costs me at least $1,960 in fees with no guarantee I have a low vacancy rate.

We estimate that the basement will cost approximately $30,000.

Then when I go to sell, I can either convert it back to a single-family home at low cost, or leave it as two units depending on what the market is demanding.

Obviously, based on my relationship with the company, I'm not unbiased, but most people here on BiggerPockets know that I value my reputation above all, and when I agreed to join FTF as an advisor a couple years ago, it was because I was very impressed not only with their business model and underwriting guidelines, but with the CEO (Matt Rodak) and the rest of the management team.I have no requirement to invest my own money on the FTF platform; I do that simply because I like the platform, like the deals that are being funded and find the returns to be nearly as good as the private lending I do, but without all the overhead. 

Cost of living is low and entry point for rentals and flips is great. 

You need to find ways to build more income in your jobs first or you will end up with a 9-5 and a side 9-5 that you can't manage with costs that will go 3x what you think.When you are new, talking about building teams in other areas is like 1-2 years away.