I highly recommend attending these sales, learning how they work, and networking with other investors.There are definitely deals to be had at private auctions because the auction company pre-qualifies all sellers and they will not be wasting their time with sellers who set unrealistic reserves. 

I don't qualify for standard financing so this feels like it's my only option.

The issues I have come across are:1) Finding a MFH in an area I can live (close to mine and gf's work) in order to qualify for an FHA loan has been pretty rough.

I have found that there are alot of non-qualified tenants in NWI looking for properties (I know because I have 3 up for rent right now).

They are asking for mediation, even though its not their primary residence, and they have let a hole in the roof really damage the building, coupled with not paying taxes for years, we saved it from tax sale and asking our attornies to dismiss the frivilous mediation request, which has stopped our foreclosure in its tracks.So, its painful in judicial states, and less painful in states like AL & GA.

I acquire property and facilitate acquisitions for homeowners and investors for Single Family and Multi-Family Residences.

RBC - and perhaps briefly TD - are/were the only two of the Big 5 who were underwriting 5 & 6 unit properties as residential as opposed to commercial.Additionally, RBC will lend to the point where you have five mortgages (including your personal residence), so use them early in your property acquisition plan and strategically if you find a 5 or 6 unit worth acquiring.

An FHA is for your primary residence only, and you'd have to sign documents stating you intend to occupy it as such, for at least a year.

I am a resident of Baltimore city and house flipping is highly advertised in my city.

@Ryan EllisAn assigned Lo agreement Mortg brokers don't likeI enter into a Lo agreement with seller w letter of intent to assign and get a fee from tenant buyer, then record the option, then charge an option release fee to buyer, keeping the same terms, option release fee is NOT part of original option, buyer needs to qualify w their own saved down paymentInterview a few mortgage brokers about FHA Mortg qualification