I would live in 1 of the quads initially but move out after 6-12 months or upgrades were completed (moving to new area and haven't purchased a home yet)I would use either VA loan / FHA 203k / FHA w 3.5% still figuring the right route but was trying to see if the numbers work.I am a pretty big noob at this so be kind >,<Here is a pic of my analysis http://i.imgur.com/1f4yeRB.jpg

For instance, if you get a 5/1 ARM IO the first 120 months is interest only no matter what the market rate adjusts to after the initial fixed 5 year period.My advice to my clients is that you should only do IO with more than 25% equity and in an appreciating market.

In my opinion, your best bet is to develop a relationship with a seasoned mortgage banker who can accomodate your needs.

Not a safe bet all the time.

You're acknowledgement in contacting your attorney is certainly the best bet!

I did A Lot of initial due diligence & had all the relevant info about it.

I work full time and manage my own rentals (sfrs) and have been doing so for the last 5 years and I find that the vast majority of my time is spent on (1) looking for new deals; and (2) fixing up the properties when I initially purchase them.

You best bet is to work with a title company for insurance and/or licensed closing agent or attorney for your escrow.

If you wanted to see how the process works cradle to grave the best bet would be to offer a free internship or shadow them.

If its handyman or project management, rehabbing may be your best bet.