People offer to pay cash up front or rent for a longer term in hopes of avoiding any scrutiny.

FHA loans are generally assumable.

Here's the language I use:Consent to Contact References and Perform Credit CheckI authorize [Type Agent Name Here] (“Agent”) to obtain, and to share with [Type Landlord Name Here] (“Landlord”), information about me from my credit sources, current and previous landlords, employers, and personal references, to enable Landlord and Agent to evaluate my rental application.I give permission for the Landlord or its Agent to obtain a consumer report about me for the purpose of this application, to ensure that I continue to meet the terms of the tenancy, for the collection and recovery of any financial obligations relating to my tenancy, or for any other permissible purpose.I authorize Agent to share my completed rental application (along with any supporting materials) with the Landlord.Applicant signature: _________________________________Printed name: ______________________________________Address: ____________________________________________________________________________________Phone Number: _____________________________________Date: ______________________________________________

@Charles BurgessIn order to begin the process of looking at a lot in terms of potential development, it’s important to first keep in mind that a number things must be considered.

Add a "Long Term Stay Policy", so a long-term guest would need to cancel a month ahead.  

This means cash flow isn't possible pretty much for the life of the loan but we can theoretically sustain that if it's a good investment, and we'll have a solid tenant who takes care of the space.2.

I have 5k saved up and I know I would need around 12k if I do 3.5% down with an FHA loan.

What kind of financing is your initial loan.

They passed new loan regulations where I only need to put 3% down on owner occupied 2-4 units, which is where I plan to start.I do have skills.  

Additionally, if you are looking to hold long term, having new construction is going to keep your repairs, maintenance and capex lower for quite a while, typically.