Hello BP, My name is Julian Le. I am a 23 year old engineer with a degree in Manufacturing Engineering Technology. I currently work at an engineering consulting firm. Starting out I am making around 52K. I’ve done rel...

Not being a principal residence I don't think it's protected by homestead rules.If you buy, be very sure who's doing the foreclosureZ

The guru's taut LLCs for asset protection, but don't discuss other side-effects. 

Violation incurs not only penalties under the Property Code (return of all payments made by the buyer including monthly payments) but potential liability under the dreaded Deceptive Trade Practices – Consumer Protection Act (“DTPA”) which can involve treble damages plus attorney’s fees. 

Howdy JohnI just listened to podcast 109 and it deals with asset protection and forming LLCs.

I've owned a duplex for around 2 years, I'm currently switching it over from FHA to conventional, then going to try to find another duplex and do another FHA.

First thing first, double your money and protect it at the same time by creating another entity and using it to invest.

HUD's overall responsibility for interpretation, implementation, and compliance transferred to the Consumer Financial Protection Bureau (CFPB) on July 21, 2011.Who must be licensed as a loan originator?

There is no protection as there is with credit cards.  

After a year of good tenancy you can switch to longer term leases.