Pretty much trying to learn this year.My plan this year was going to use an FHA loan for the first multifamily home and maybe get a single family using a conventional loan, but the prices are so high and a lot of the multifamily home have tenants in them already so I wouldn't be able to use the FHA loan. 

I bought Four 4 plexes and  today I'm 55 and I am partnered with a small group and we are building 3 projects totaling 806 units and using a hybrid of the syndication model to fund them.   

Piecing it out to multiple workers may help you save on rehab costs but could be hard to hold one person responsible if need be.Using a GC is less of a headache being the 1 person you will communicate with as well as the 1 person to be held liable for any incomplete or insufficient work.When using a GC make sure to get multiple (at least 3) bids...and make sure they know they are bidding against each other this will keep them on their toes.

Its a short sale flip using a trust?

You aren't using a general contractor right?

If I was to purchase that fifth house in the scenario above using a commercial loan would it count against my fannie mae count?

Anthony, have you considered using a broker for notes (HML) so you can stay local, or did you?

Have used 2 local short term guys which are big in this city and have been using as referenced.

I'm currently using a checklist of steps to complete for each app.

Using a primary residence you could see 90% ltv with a lower interest rate.