It would also be my primary residence, looking to get started in a du/tri/fourplex and live in it for 2-3 years until my girlfriend discovers where she'll be matched for her residency.

Before discovering financial independence (FIRE) and REI, we planned on renting indefinitely.

Hey Daniel,I came across your post and thought I could share something that I have recently discovered in my search for the same experience.

If you think you will go FHA, Conventional, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

Hi - this is a forum I just discovered.

Edmund Chiang thank you for your response.It does qualify for an FHA loan, all the major components of the house are in great shape (newer water heaters, furnaces, roof, and it is structurally sound).

As noted above, recessed lighting consists of 2 components, 1, The "housing" ($8-$20 each) that you either mount to the framing for new construction or "snaps" into a hole cut in the drywall for remodel work.

@John Dunham you are in a unique situation to have discovered the great world of Real Estate Investing in college!

Having a value add component besides raising rents, provides additional safety.

Have a complete inspection done to identify age of major CapEx components and an estimate of when they will need replacing.