After doing this several times, you are on your path to building wealth; you will have a nice, steady income and you can live wherever you desire!

It seem some Realtors don't like working with FHA financing as it can sometimes take extra time to close - making your offer less desirable to the Seller.  

I've read both of those articles in the past and I agree 100% - I have no desire to own this property. 

Have your appraiser brother talk to colleagues about your desire for a multi-family.

The big 3 are overbuilding, poor build quality and less than desirable locations. 

Now it's much harder unless you go for "less desirable" parts. 

I don't own notes, but I do share your desire for totally passive income.

Depending on your desire of how active you want your role would determine which way is better for you.

They also offer the flexibility to package multiple homes together in the same loan if we desire, but the terms remain the same. 

Keep in mind this house is in Southington, CT and is a B+ area (a very desirable area to live) which has a big impact on the rehab and the way it is structured.Draw 1Replace 1st floor gas furnaceInstall new gas furnace and ductwork for floor 2 Replace both hot water heatersPlumbing repairs/modifications: water lines, waste lines, & relocate washer/dryerElectrical repairs/modifications: relocate washer/dryerTotal Amount for Draw 1: $15,000Draw 2Remodel 2nd floor unitFramingPatch and PaintFlooring throughoutKitchen remodel: add cabinets, install granite countertops, backsplash, install appliancescomplete bathroom remodelInstall new light fixturesTotal Amount for Draw 2: $10,000Draw 3Install vinyl sidingPaint exterior trimgarage repairsfront porch/walkway repairslandscapingTotal Amount for Draw 3: $10,000Draw 4Remodel 1st floor unitpatch and paint interiorFlooring throughoutkitchen remodel: new cabinets, new countertops, backsplash, appliancesinstall new light fixturesTotal Amount for Draw 4: $10,000Total Budget = $45,000