Some states allow a quit claim deed as sufficient conveyance of title.

That is a win and a great way to get your first deal done.It will definitely be harder on the nw side of chicago to use a low down payment loan FHA and pass the self-sufficiency test, so oftentimes I just encourage clients to find a 2 unit in a desirable area. 

Best to use a contractor who has been properly educated on the 203k, has sufficiently strong financials to pay for the startup costs and ongoing expenses for the 203k project.

You also can boost your reserves with 0% down if you're worried you need to sell and won't have sufficient equity.

To say that it "can't be done" or is "too dumb to try" is utter nonsense; and should be recognized as such.I'm sorry if my successful story was not sufficient for your inquisitive mind.  

@Antonia Bokelman I help lead growth for Bungalow and we recently decided to launch Dallas & San Antonio because we have observed strong signs of rental demand and sufficient housing stock.

I follow some investing coaches, who seem to think automating processes are just as sufficient, so you don't need to be local if you hire out the right people and tools.

Does the self-sufficiency test play a factor with a portfolio lender and 3-4 families? 

If not city of San Diego, the courts have been treating a year residency by family for over 1 year as sufficient indication that it was not done simply to circumvent AB1482.  

Do you have the intellectual horsepower to execute development projects of your own, organize teams, raise capital, and act as a deal orchestrator and sufficient vision to serve the space market for your chosen product type?