Not sure what "your area" is so I'm going to assume you mean Lincoln Park, MI.

That means the 15% down investment property taxes two full discount points to get the same rate as the 25% down standard.

Glenn, I understand your concerns but there are many other ways and means to purchase in place of cashing out your retirement funds.

The agent I started working with is also a property manager and the idea was that I would buy my retirement home and he would rent it out in the mean time. 

FHA would mean owner occupied so no cash flow.

I truly believe that this partnership will work , he's an incredible person (lol if he weren't- he wouldn't be marrying my daughter-lol)I do understand what you mean about partnering- there are inherent risks.

Hey there Michael,Make sure you understand the markets you intend to wholesale in, meaning, understand what renovated properties are selling for, understand what kind of profit flippers in your area expect to make.

Sorry for all caps,did not mean to offend anyone,it's just the way i have always typed and it's easier for me to read(old eyes) BP It seems to be the case that's what I have been doing  for awhile now.Only time the other siblings come to help it's to start problems,they are skilled in that category.I'm stupid on terminology of mtg and mil as far as what it means,.

Sometimes adding value means asking great questions that get a strong conversation going.  

The Health District in my view is bounded by:I-95 to the EastDolphin Expressway to the SouthNW 14th Ave to the WestNW 20th St to the NorthProperties within these boundaries are limited/rare, so while the above is the 'actual area' I also mean the surrounding neighborhoods and streets.The area doesn't have the best reputation in terms of safety (Though there are definitely rougher areas in the city), but it does seem like it a solid rental market - with plenty of jobs nearby.It is also fairly close (Depending on traffic) to Wynwood, Downtown, and Little Havana/stadium(s) and the airport.