What do the total revenues and expenses like? 

FHA also has a rule called “Net Self Sufficiency” meaning the total mortgage payment must be less than the total rental income on the property.

Do not rely on it as legal advice.

As far as someone said my area is a great place for rentals I totally agree!

Because I am not currently seeking employment, I was hoping to rely on my father and his leverage to help.

@Tom Gimer  wow they must have done very well for themselves through the crisis.with our foreclsoures averaging 300 to 500k per that would be 10 to 15k just in auction fee's  we pay 2,500 to 4,000 total.. and its added to opening bid.. no commish on top

I have property that over the 15 years I've owned it, has one unit or another vacant for a month at a time, for a total of 4 months (over that 15 years).....and then another property where I get a month vacant every 2 to 3 years. 

I believe they will do up to 40 units (4 family = 4 units) total. 

Total operating expense: $2605Mortgage expense:$23004 unit apartment:A: $950B: $1200C: $950D: $$1200 (this apt I’ll be living in)Monthly Income:$4,300.00Monthly Expenses:$4,879.83Of these expenses are CapEx savings, repair savings, and vacancy savingsMonthly Cashflow:-$579.83NOI:$20,332.00Total Cash Needed:$42,365.00Cash on Cash ROI:-16.42%This is a FHA loan with 3.5 down on $439k.

I totally get needing more cash to get the deals comming in!