that is not easily seen.You sound like your in a very superior position IF you get VERY picky about what you buy.Again, I am NOT experienced and I hope that some of the highly experienced weigh in to give you much more seasoned advice.Good luck!!!

Stay positive.

Are you in a position to buy him out or vice versa?

Positives Out of the country, non paying tenantNo Equity is a sub2 or lease option (assignment - sandwich)What are comps?

Maybe 10 minutes once you are there.People will lie, or not know the whole truth, so the more informatiuon you have, the more professional you look, and the better position you have when negotiating.

With your background in construction/rehab, you're in a prime position to make things happen.

Your plan has a lot of positive elements to it - I do see a few things that may not be necessary or work as well as you think.1.

I will bust my behind the next 10 years to get in this position.

I'm looking at getting something with positive cashflow here in the North Bay as well as other places.

However FHA only requires you to occupy the property for one year, so if you do that and then move out then you can rent out both units and be in a better position to cash flow.