.$100k to me is more to get the ball rolling and compound on the future investments made.MFR is an opportunity I'm working towards attaining once I get the funds for it.

Detroit 8-9%.In a low risk investment vehicle your delta from expected returns is small, and in a high risk it is larger.

Thank you, Taylor Given your unique circumstances as a professional athlete who may not know where you will be located in the future, a fix and flip strategy may be a good option to consider.

You are expected to pay them.

One advantage you'll have over people doing a regular FHA purchase loan (non 203k FHA rehab loan) is that when you go towards purchasing a 3-4 unit property and have to deal with " FHA Self Sufficiency," Rule you'll be able to use future market rents that are appraised on with after repair rents (way higher than your acquisition rents probably).This makes it easier to make your FHA loan qualify especially if you buy a good deal that has big rental income upside (your proforma future rents are way higher than your acquisition entry rents).FHA SS rule is required to qualify a FHA loan when its a 3-4 unit property, this doesnt apply to 1-2 unit FHA loans.Even on 203k FHA loans you'll need to meet FHA SS rules (3-4 unit applies to).

We want to know what to expect and the best way to prepare.  

The house was newly remodeled so I don't expect there to be any maintenance issues for a while.

You will end up with connections you would not expect.

I expect to hear, and can work with a sponsor who bluntly acknowledges that they are behind on their NOI targets, and need to move forward from here.

Look at the cost to talk with them as an investment in your future.