. - make sure to get bids from multiple contractors.It is easy to overestimate your ARV. - Have an agent pull recent It is easy to underestimate the rehab timeline. - whatever a contractor says, expect double lol

Great location and multiple ways to build and expand great cash flow How did you find this deal and how did you negotiate it?

I am beyond the two years required.What I am trying to do is find a way to buy a multifamily using FHA 3 1/2% down payment as opposed to 20% or 25% as an investment property.I have a situation where it would be beneficial for me to try and help my mom and my sister move into a place  because I can afford to purchase it… The grey area is whether or not they are considered family members per FHA guidelines to qualify for the 3 1/2% down payment. on the FHA website… It says family members are considered parents, sisters, brothers, etc.I am definitely not trying to do anything illegal, I just thought maybe if I sell my primary residence… I could buy the multiunit per FHA guidelines as long as my mom and my sister are considered family.I have been told that the 12 month or 24 month living requirement only requires one family member to live in the home… So if my mom and my sister are considered family members… Does that meet the requirement? 

I'm interested in buying out of state in multiple markets so I'm just wondering if I may need an attorney in each state to draft a new one.

I've fought similar situations in housing courts and this tactic can do 2 things: 1.

As many as your financial situation can handle , 

Quote from @Rigel Cagbabanua: L@Paul De Luca I’m thinking of saving up to down 20% probably and I would also like to have it rented by tenants in the future I don't know your financial situation and it depends on the purchase price, but for a lot of people it can take years to save up for 20% down.

Some DSCR Lenders have now moved to better accommodate this - taking 120% or 125% of in-place rent in situations like these

If you work with a single lender for the refis, many will offer you discounts for multiples, so even though its not a portfolio per se, you can still save money on some closing costs by doing them all at once.Good luck on it though, would be happy to recommend if it would be helpful.

Hi - a lot of people in your situation move from conventional to "DSCR Loans" for this exact reason - since its hard to scale meaningfully when needing a DTI ratio to qualify (one of the main benefits of DSCR is no DTI ratio in qualification).Check out this 10-part guide on all you need to know on DSCR Loans published on BP!