I traded in some of my single family homes and duplexes in the rougher areas of my portfolio and acquired some larger assets in the suburbs)1,000+ units under management.

Virginia Manufactured and Modular Housing Association8413 Patterson AvenueHenrico, Virginia 23229The state trade association for sellers and community owners.

What should I say to not let her thinking this is a trade.

There is a trade off here...managing 4 properties is more work than managing 1.  

It's like CarMax, people still trade in their cars to other dealers at wholesale prices even though CarMax practices a similar model.What I don't understand is how do they operate on such thin margins if the market shifts to a buyers market or even just a softer sellers market?

As far as traditional mortgage loans have it be conventional, FHA or VA there are three main things banks or brokers will look at. 1) Credit - your score, how many trade lines you have, how long you've had it established, your timely payment history, etc. 2) Income - what your income is, how long have you worked there, can you prove consistency (I.e.

I'm an advertising project manager by trade; and I believe my experience managing timelines, budgets and expectations could prove to be extremely beneficial managing fix and flips.

Consequently, I don't need to report my income since it all goes back into the IRA.  

And suffering no consequences, the tenant will be able to do it again and again.

There is always some wiggle room one way or the other, I think what is really important is you feeling comfortable with the decisions you make, and being able to accept the consequences of your actions.