Currently this is nonsense and gives them the latitude to cherry-pick their Premier Partner listings at will.  

They've just started to pick back up in the last few weeks. 

Pick a solid B-Class suburban area.

But then you would be signing a new Mortgage stating you intend to occupy for another 12 months.If you were using the right loan officer from the start, they would have helped you structure better and use a Conventional Home Possible to buy your 2-unit, then you would still have your FHA available for the next property.In your case, you would need to refi to an investment property loan which is a max 75% LTV in order to buy a new primary right away using FHA.This is why it's so important to pick the right lender, because now you're stuck. 

I'd love to take you out to lunch one day and pick your brain.Michael, I'm not apologizing or ashamed of my goals, I'm just looking for some feedback on how realistic they are and I much appreciate yours.I just learned about the 203k recently.

If they trust you they will choose you simple as that.

Maybe we can meet up sometime when your free, would enjoy picking your brain sometime over a lunch on me. 

Sorry, I could not resist.Seriously, the main points are simple.

Many taxpayers subject to the AMT did not receive any benefit for state taxes paid, or only a partial benefit, in the year paid, and so their 1099-G amount would not be included in income, or only partially included in income, in the year the refund was received.It will be a similar story for those in the situation that you describe.Tax preparers, if they're not lazy, should not blindly pick up the 1099-G amount as income but should go back to determine exactly how much benefit the taxpayer received for state taxes paid. 

Questions- 1.What would be a good cash return for multi family(is is as simple as breaking down the units and seeing them as SFH and considering the return per unit?)?