are you able to take advantage of the FHA 3.5% down program for first time buyers on duplexes/ multi-family properties?

I manage properties for clients when this is a fit for their business model, but I do own some properties on the south side.Just because he's buying the properties cheap doesn't mean he's tenanting them as is.

So that seems to fit the category of eggs in one basket, benefitng from hedging.

Need to look up "Predatory Lender" sounds like it fits your idea on OO.

And the interest rate is worse than any other local lender I've gone with to date.So, for me, this loan product is simply unusable in its present format.Until they come back down to earth, I just don't see it being a good fit for me or, likely, any other small investor either.

That pretty well means that it is impossible for mankind to devise any method, system, program, arrangement or agreement of any kind that allows credits or reduces the fair market value that may lead to any purchase of residential property by an owner occupied buyer.

With that base you should be able to decide for yourself what will fit your entry level property or investment.What I'm saying is that this business has so many facets it's impossible for one to advise you with the given information.The encouraging part is......It's for you!

I believe there is a similar type document for non-short sale properties that are undergoing foreclosure.There are certain programs which allow homeowners to stay in home and either rent or buy back.

I've tried a few others since the new Buyer Select Program went into effect with HUD.

@Page Huyette you are making progress, but I'm going to encourage you to keep looking beyond these lender connections you've found because there are a lot of options out there and it sounds to me like you are letting their limited lending program box in your thinking about what's doable.