Any conventional loan products for property in a flood zone (not sure what flood zone 9 is) requires flood insurance, which can be very expensive, and rates have been rising each year. 

Investing requires a bit more skill with how the market is these days.

First someone new will be living with you and that requires adjustments.Second it's not just someone, but rather it's your in-laws which can bring stress to any marriage good and bad.Third your introducing a money factor into a highly personal relationships. 

If not FHA, you could use it for your next purchase and the owner occupancy requirement is 1 year, not 2 as you mentioned.

I would say you are off to a good start just by showing interest and enthusiasm for the investment business.o Age: many private lenders require someone to be 21+ years of age.

Positive cash flow the entire time I owned it and it gave me the desire to buy more.

Hi All,Section 8 (and other entities) understandably require a W9.

Do you have any desire to live in the home (only relevant if your parents currently occupy the home)?

I wondered if we could rehab it and change it's appeal into a desirable space.

Also, some banks I've talked to require 30% of the balance to be held in their account.