The single family homes were in a niche area that I was intimately familiar with, and another that I was even more acquainted with (right across the road from my house) and I had recently been interacting with some investors wanting to grow a portfolio in my city, so I put this in front of them and proposed a partnership and we found a mutually ideal situation and took it down!

To minimize the impact of that data-point, and thus minimize (or, ideally, negate) any appraisal shortfall, you will want your Realtor to host the appraisal, and you will want your Realtor to provide documentation (not words, docs) supporting your low low purchase price as having a really good reason. 

Not an ideal scenario. 

;o)I would ideally like to use the money to set up one VR and another traditional in the same area to see how they compare. 

My ideal loan: - No min. per door value (there are few houses in the $30k-40k range)- 30yr schedule, I can deal with a 5, 7, 10 yr balloon- 80% LTV, no seasoning- non-recourse, but I can deal with recourse- min loan amount of $500k is OK, total portfolio value is close to $1M- low origination fees / pts- desktop appraisalsI would very much appreciate some feedback on the scenario, your experiencesThank you,Adam

I do like the ideal of getting the FHA loan in strictly my name so that later on she can still make use of one for our investment goals . 

I am pretty much using the application that Bigger Pockets provided so it may not be ideal in a situation like this. 

IDEAL situation would be to do short term (Airbnb) rental when it is not in use to supplement this luxury but I do realize with zoning laws/subletting and being a foreigner it may be problematic.I will be travelling to Ohau on March 27th - April 4th 2020.

It's about 1.5mi from the nearest beach so not ideal but not a bad location either.  

Ideally is to purchase the investment all cash and refinance to a 30 years traditional.