If any one owner owns more than 10% of the units (depending on the total number of units) the condo could become non-warrantable.

Internet search?

Is that a violation of fair housing laws pertaining to discrimination against income source (I guess in reverse for non-section 8 applicants)?

If you use the 203k loan you do.If you get a conventional loan with low downpayment they will also typically require you to live in the home for 1 year unless you get a 20% down non-occupant loan.If you break out an FHA vs. a conventional owner-occupied loan they amount to close to the same thing.

A house owned for cash may under produce but it will almost never non-produce.But in order to completely avoid taxes on the boot in your 1031 why not purchase a second property as part of the 1031 using leverage. 

You have stable income that is a matter of public record and you are much easier to go after if you default.

These are small, non-warrantable studio condos, so no financing out there really.

I put the few questions in parentheses.Thank you,TonyPlan:possibly start out with small, unimproved/vanant land1)Find buyers and make a buyers list--Market your wholesaling business---Using bandit signs "I sell houses dirt cheap"---Business cards---Internet---Real estate meet-ups2)Find a lawyer that can help make a contract--due diligence clause--option agreement--allow both parties to know who you are representing to avoid legal disputes (buyer & seller)3)Find my target area where I will do my house searching--Using the County Appraisal District4)Find distressed properties--Tall grass--Piled up mail--Boarded up windows--Take a pen & paper, take notes and pictures of the property5)Create an excel spreadsheet of the property--Owner-occupied?

You can get a loan on a non owner occupied property (1-4 units) that will have a fixed interest rate in the 4%-5% range right now.

Normally, online advertising has been all we needed to get the word out (to non-seniors) but I'm getting a lower than normal volume of calls.