Good evening,So after reading, blogging and watching videos, I have learned I could go for a FHA loan, get the property, live there and rent out the rooms and live rent free.

I'd start by browsing the forums and blogs here and possibly set up a meeting with a banker in your area.

When they start to discover the true work, knowledge and skills required, the mental barrier you mentioned occurs.

Others discover that they can get higher returns joining with professional private lenders, and invest their money with or through them.

So if your house cost $50k, rent should be .02 * 50k = $1kThere are also many other calculations to do a real estate investment analysis that I've summarized on my bigger pockets blog.

To add to it, I just published a blog that talks about Google Drive and the other free Google tools.How to Systematize Your Business for FREE with Google

See my posthttp://www.biggerpockets.com/blogs/3/blog_posts/17-be-the-doctor-to-seller-s-problems-unknown-author

I had to repair the air/fan/heater and discovered it actually doesn't go anywhere because it is boxed in...

There's a blog in the BP archives that shows you how.

In a nutshell, it will be much more difficult to get approved for a loan, and fewer choices.There are countless sources for the details of this reform, and it's rather wide-sweeping, but here's a summary of how it affects mortgages:http://www.quickenloans.com/blog/new-qualified-mortgage-rules-effect