However, be careful in buying a cheaper property, as section 8 has very strict requirements regarding the condition of the home, and they do regular inspections to make sure you are keeping up with their requirements.

As far as your specific question goes, I don't think the banks will count the rental income on the house in FL towards your income requirements for the new mortgage because you are still living in it, but that's a question you'll need to ask your lender to be sure on.

Keep in mind, you are only required to live in that home for 12 months...but you may not be able to move your family every 12 months either. 

Some may charge extra for an S8 lease due to all the extra paperwork and chasing required with caseworkers. 

A wholesaler has a property that requires $30,000 cost of entry.

While some lenders can get creative with income and/or don't require personal income underwriting, DSCR lending programs technically only apply to SFR 1-4 units and small multifamily (usually to 10 units). 

Some have online systems, and others require you to go in person.

As property manager we have the right and the physical and electronic safety guards to capture their SS number if they have one (this required an on site visit to our office to verify that each computer was password protected, that we had locking file cabinets etc).

What are some of the requirements to develop a lot in the floodplain?

The latest window, which required a purchase from 2018-2020, is firmly shut.Today, we are in more of a state of normalcy.