-----In one version of the bill, you could only take a 20% deduction up to the amount of wages paid, in this case $50k...they were trying to close the loophole of favoring passive owners...Originally posted by @Patrick M.

If your residences need to comply with hud or fair housing act then you need to compy with a different ADA version I believe which is the 2015 ABA Standards. 

Have you considered a webinar type version of it for people outside NYC?

As mentioned above, you may find local banks that will finance 95% with lower PMI, or that offer their own version of a 203k. 

Prove the model works and it's profitable.Then it will be easier to attract more capital to invest in a scaled up version of your vision.

We also follow a version of the Jon Burley model with our lease options which he has been teaching in Phoenix for 20+ years.We have thought through several scenarios that could create issues.

I referenced it here as my inspirational view of "oh, so that's how savvy investors can make it" - though I'm not expecting this kind of return out of the gate, and I apologize if I mislead.Credit for the below example goes to Brian Murray's book (I pulled this example from the online version available as a sample on Amazon since I only have the audio book):Bank Financing: $750K @ 5%Seller Financing: $150K @ 5%Cash: $100KTotal: $1MGross Revenue: $200K/yearExpenses: $100K/yearNOI: $100K/yearDebt Service: $63K/year$37K/$100K = 37% Cash-on-Cash-Return with a 2.7 year payback period.Principal paydown first 5 years = ~$103K or $20K/yearRevised NOI = $37K + $20K or a 57% annual return.Doing the math, at 5 years, the value creation is $9.54 for each $1 invested.

But those who take the time and energy into making the home better than they found it, who truly understands what an “upgrade” is, ”the process of replacing a something, with a newer version of Itself.”  

I recommend finding a Realtor that specailizes in investing as they will have access to off market properties that often have better numbers but also come with some version of an issue, which is why they are not on the MLS.I would keep an eye on the market and network with investors through local meet ups. 

What you end up with is people marketing properties that they can't sell, or purchased at a sheriffs auction using a deposit and they are now in search of someone to fund the back half of the purchase plus pay them a fee (there are other bad versions of wholesalers out there but that's just a few) the transactions with wholesalers are often frustrating as there's a lot of errant information including, undisclosed liens and claims of ownership.