I am not really understanding what that means so I appreciate if someone can explain it to me patiently.

She used a conventional loan for the purchase.We soon will buy a new home but, since we are married this time around both our names will go on that property and we will use conventional again which makes it look like I already purchased a home before.I am wondering if I can still use a FHA since I never used it before & yes I do understand the regulations that I have to live there for up to a year before I can fully rent out the property which will most likely be used for a duplex.  

Firstly, understand the lay of the land by checking local zoning regulations, assessing available utilities, and conducting thorough market research.

I understand it will not increase the land value but should increase the building value. 

I understand the importance of consulting with my CPA and attorney, but I'd appreciate any friendly advice on this matter.

I'm a new investor who plans to wholesale in Phoenix AZ (I know I know, its a very competitive market there -- however it's the only place I'm familiar with).So I've done a lot of research and think I understand the granular process up to the assignment contract.

If this happened to one of my landlords, I would call and explain the situation or give them a written guide to help them understand.

Also, one, like myself, that understands VA Guarantee requirements.

I understand that you have to live in the home for at least 2 weeks out of the year. 

From a non-bank seller that's a bit odd.