Hey all, Im a GC in Northern Colorado, and buy and hold investor in SE Wisconsin (home country) My thought is to buy one off lots here in CO and "install" really nice modular homes on them.

so in the eyes of an underwriter, when I take out my next loan, will they see this as a loss?

I currently do not have any student loans, car payments or other debts besides my mortgage. 

I have educated myself on 2-4 unit duplex/multifamily with the hopes to live in one and do a 3.5% FHA loan and then resell after a year.

The current condo I own is non-warrantable which eliminates utilizing traditional loans. 

As a college student traditional financing won’t work for me anymore as I already had to get my father to co-sign my 1st loan.

I am currently  in the process of purchasing my next primary home in GA using a VA loan and my own savings as a down payment. 

The balance on the Loan is 40k.

@Bill Brandt Here's the breakdown: Bought it for $4.95MEarly loan payoff is ~$175k ($5M @5% 30 yr fixed investor note)Conveyance Taxes ~$90kImprovements $1.6M ($400k done on lower property)... 

I would buy a property that needs a little bit of work, and then use a hard-money loan to pay for the property and the repairs.