My houses are generally done in 2 months and now I'm in the awkward position of having to decide whether to:A- list them now, letting agents know won't qualify for FHA financing, and hope I can get conventional/VA buyerB- have them sit vacant for 3-4 weeks and then list them when can qualify for FHA financingI'll also mention these are lower price point properties (under $300k list) so the vast majority of buyers are in fact FHA.What are you guys doing with this?  

There are vast differences between Manhatten and the rest of the city and between different parts of NYC.

The conscious effort and acknowledgement to review their own budget to verify if they will be able to comfortably pay for rent plus all other bills is the vast minority of potential tenants.

If credits and cash payments are sufficient for the down payment and the seller has agreed to allow nmore toward the purchase, then those excess amounts are treated as seller concessions so that the loan amount is reduced respectively, so the credits between the seller and buyer can be honered, but not in setting the loan to value.You might say that FHA only needs 3%, I have also seen that Brian has attempted to keep credits around 3% staying away from the equitable interest issue.

@Brian Sorensen - Something to bear in mind is that there is a vast difference between a renovation of an old house and a restoration of a old house.Renovation is expensive.

He did not have sufficient income and history was very iffy.

That is sufficient money to buy some first or junior lien potions across all performance categories.

Perhaps it's due to the relative small pool of interested investors (compared to the vast # of investors buying SFRs and 2-4 unit properties).No doubt the large apartment management companies and REITS (institutional players) have great in-house resources for managing properties well.The experts that offer training and/or materials for the general public, and are also very active multi-family investors, that I've run across include:Lindahl, Alcorn (mentioned by Ned)Ken McElroy (Rich Dad guy)Anthony Chara (heard him say recentlly that he owned 2000 or so units, I believe, all around the country)Peter Harris (theapartmentconsultant.com) has an inexpensive e-book that I picked up several good tips fromTed Karsch (apartmentbuildinginvestor.com) also has an e-course, but I've not reviewed it and I'm not sure he's a legitimate investor operating currently and at scale

Usually, a LL doesn't need cash for another property, but could be the case.Next, you may need to devise some way for there to be sufficient cash up front.....she could sell part of her note.

The 80/20 rules applies here; a few agents make the vast majority of the money.