I caution you/highly recommend that you evaluate the escrow fees.

A focus on understanding the RE market of your farm area, submitting offers, negotiating deals, evaluating the marketplace.

I figured what better way than RE.Currently looking at single family homes to invest in, and here to learn more about finding and evaluate the right properties, the right tenants, structure for tax purposes, etc.All advice and help is appreciated!

An unusual deal like this in a small town is much tougher to evaluate.

Any progress ?? 

Typically you can live there for 6 months to a year and there won't be any repercussions if you move out and fill your space with a tenant.You can check out your specific state's FHA lending limits for triplexes here : http://www.fha.com/lending_limitsKeep us updated on your progress David, and welcome to BP!

It just takes effort and community involvement, along with an action list in order to progress the community towards a better future.

it has been a while since I updated how the rehab is going so I thought I would put a couple of pictures to show some of the progress that I have been making.

Or even worse, doesn't bug out and drags you through a lengthy and expensive eviction.When doing an evaluation I simply look at the 50% number and use that.

They will then have an aappraisal or in my case they have just been doing a property evaluation, basically an appraisal with a different name and different rules.You can have this all done in a matter of 2-3 months.