This question has come up a few times with prospective clients recently, so I thought I'd shed some light on it.Generally, being an employee in a real estate business does not automatically qualify you for REPS unless you own at least 5% of the employer.

Scaling a real estate fix-and-flip business can be a complex endeavor, but partnering with an earnest money lending partner can provide the financial support necessary for rapid growth.

I think you have about 90 days to move into the property for an owner-occupied loan but I am not sure if that differs between FHA vs. conventional - @Zack Karp or @Jose Valdovinos could confirm that...Either way, I'd follow the advice of others above...give the seller two or even three separate offers that work for you. 

I ran the numbers on some properties and they meet well above the 1% rule, but that sort of worries me...

I know quick books will work but I was curious if there is something out there that already has all the detailed costs input where I would only need to add the basics about the property.

Its time where i want to start my journey into real estate, now my father is more than willing to pass me the torch because he is also working a full time job.

I have 5 rental properties and in most of them I have an equity of more than 35%.

(Hint: it has to do with how "leverage" works in real estate!)

Looking to get to over 50 properties in a few markets.  

I'm particularly interested in purchasing two-bedroom, one-bath (minimum) properties that offer space and potential for adding an extra bedroom and bathroom.