They won't be collecting any rent for you unless you negotiate a contract with them separately, and will certainly charge you 10% or standard rate.

Today the loan officer told me she didn’t think the home would pass FHA standards and refered me to another bank.

Standard guru marketing.Secret info.

Sure, fixer uppers on the MLS go higher than they should, but as for standard sales in decent condition there doesn't seem to be nearly as much competition as a year ago-Bill

The "gold standard" is to buy a solid house, in a good neighborhood ,that rents for 2% of all in, rent ready price or better.

The standard MN purchase agreement doesn't allow buyers to do that upon final walkthrough and the sellers didn't have to repair these issues.Check your purchase contract to see if this is legal.

If I understand current lending standards correctly, I'll need to refinance my current FHA loan into a conventional loan (my LTV should be about 75%) and only after I do that will I be able to get another FHA loan to buy the 4plex, right?

Since my objective is my personal F&F and F&H, should I stay away from standard brokerages like ReMax, West USA and so on?

I thought of standard rent for 6 months (end of the realtor contract obligation) but the tenant doesn't want to leave when the house sells.

If it says cash only, I'm guessing that means standard flipping wouldn't work and I would need to have that much cash on hand to hand over- am I correct in my thinking or would there still be an opportunity to flip without putting much money down?