I am aiming for a home between 150-250k, which i can afford if all hell breaks loose, at a 5% conventional 30 year term loan (unless a lender or someone else can suggest me a better loan) My question is what are the minimum requirements for obtaining such a home (capital wise, credit score wise, salary wise) Who can i specifically talk to for these numbers and help me understand tenant demand, areas, and more specific information about my market?

It required the seller wanting to sell to us and decide to be willing to owner finance 75% and coming across a group of siblings looking for a 1031 that we were able to partner with.

And NON owner occ only No license is required.. this is why many HML you see have no NMLS # on thier website if they are in a state that requires it and they are current and lending then yes it must be on the first page of their website just google any California lender and you will see it.

While CMHA tenants may offer guaranteed rent payments, there may be additional administrative requirements and inspections involved in the process, which could lead to some additional headaches and potential delays in receiving rent payments.

The problem is these aren't people with the balance sheets or experience to do so effectively just enough money to dream big and  be taught bad and misleading practices on how to raise capital.

Cash flow is required to live well.

Hello Laura, Different lenders might require different things here but most of the time if you can show the lender a signed one year lease agreement that will be sufficient.

You seem to think that JADU's owner-occupancy requirement is a dead end.

Bigger Pockets requires that.

However, it's important to ensure that all requirements for a valid 1031 exchange are met, including identifying replacement property within 45 days of the sale and completing the exchange within 180 days.I would suggest you get with a real estate focused accountant asap to take care of this.