Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4  X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.

Most in BP, from many responses I see do not have to ability to navigate this.

There is good leverage and leverage.I grew up a cash investor and was scared of leverage, but it limited my ability to buy more properties.

And I do this without parental guarantors. 3) ABILITY TO RAISE RENTSRaising the rent $100/month on a family is a big deal.

The DSCR is a financial metric that measures a property's ability to generate enough income to cover its debt obligations.

The fact that 8 acres were developed and 200 were left as farm is a clue there is some issue.Another first step would be to determine the possible economics of the development.

To Mike's point, it can also harm your ability to move on with a new partner who probably will not be thrilled to learn that you're still financially involved with your ex... 

Remember, not all off-plan deals are created equal, and the right approach takes experience, research, and the ability to think long-term.

It’s advisable to consult with a tax professional or financial advisor to determine the most appropriate approach for your circumstances.

I recommend you really study your market to determine the appropriate rent rate, then market yours 5-10% below the competition for a six-month lease.