He has the proof of funds and I know why he is not going to get a conventional loan.

The apartment would most likely be classified as a condominium in the US; individual owners and renters of single family homes/units in a multi-story, multi-unit building, with security, facilities, and common areas.To the point: My landlord has informed me he is raising the rent by 8.5% upon contract renewal in October, but read on.Dubai has government regulations concerning rental increases.

I'm currently looking for another muliy family using an FHA loan, but starting to realize this may not be the best use of my money if I want to build a bigger portfolio.

Likely 5-8 companies that UW loans in this market. 

So...the loan was funded, and we closed on the scheduled day.

House hacking helps you grow wealth and cut down on your home loan costs by letting others live in your place.

In these "quantity" areas, you'll have a very hard time finding a buyer who has a down payment and can qualify for a loan .This is an article Jack Miller wrote about the topic.Making money from the earnings of poor people is like getting orange juice from an orange tree without any oranges on it.

They have a funds under Cogo and Secured Investment Corp. 

The sellers interest is the interest and transactional convenience, when a lender is involved there are costs associated that can often be rolled back into the loan provided the loan to value (LTV) based off the appraisal is sufficient. - Higher rates.

Experience and your track record of past completed renovation loans will be taken into account.