The first limit is that you have 45 days from the date you sell the relinquished property to identify potential replacement properties.

Those that can't buy now or at the margin will have to buy sometime else that fits their wages or not buy.If wages are part of the driving forces behind a rise in inflation, then consumers and investors will still continue to buy at the limit of their income.

For liability reasons a rental should never have a pool.

Then the work will begin.The HomeStyle loan is ONLY for Single Family Homes.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Minimum: $ 5,000 (below this on an exception basis only)Maximum: Limited to 50% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesRenovation Term: The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.

If you decide to hire a resident manager (instead of a property manager) you will be exposing your self to more liability and may have more work managing an employee who may not know how to manage an apartment building.

I'm not a lawyer (and am not giving legal advice) but that seems like a huge liability.

What does this mean in terms of risks/liabilities/exposure from my wife. 

(Moved in over the summer, lease goes until next January).So in my limited experience I would say renting to these types of tenants is a good idea

(mechanic liens, workers comp insurance, general liability insurance, entity structure, scopes of work, etc...) 

I have limited experience with flips here in CA and am closing on my first out of state venture.Thank you!