.$20K is definitely on the low side so your options for fining a note in this price range will be limited, but it is not possible, there are some out there... just be sure to do your due diligence and make sure that the underlying property is not a piece of crap, be prepared to foreclose in a case of a default and become the owner of that property.

I bet Jay knows more about than me.

We got the property under contract 4/14 (the day after it was listed), and were set to close 5/14.We were really excited that our mortgage company told me the asking price is under the FHA limit for a triplex. 

With appreciation, you won’t be able to pull your money out for a few years at least even if you bet correctly on the market.

This includes the vast majority of residential landlords who own their rental property as sole proprietors (who individually own their properties), limited liability companies (LLCs), and partnerships.

With out all the competition in the metro area, Absentee Owners could be a pretty good bet since you won't run into as many investors mailing to them. 

I'd be a little more worried about the 2.7x rent.  3-3.5x rent is the safer bet.  4 dependents on one salary is also a big red flag. 

If you didn't over-pay for the house and he didn't charge you closing fees I'd just adhere to w.e he says....Your best bet is to post on Avvo and see what the lawyers say (its free).

The months for building are limited.

I bet the big ones go every month.