I've done all the calculations and the property is going to cover the expenses and generate a decent amount of cashflow.

I bought a turnkey 4plex in Regina (2004 built) for 500k which generates 4700$ pm, so close to 1% rule. good part of buying with fundamentals is even now when my mortgage payment has ballooned on that property from 1400 to 2000$ it still cash flows :).

You will likely not be accepted, but you will at least get a computer-generated counter-offer form HUD that will tell you what their current minimum acceptable "net" is.

Chiefly that they are not the global economic engine of the USA, their currency does not rule internationally like the USD, and they don't have nearly the debt that the US gov has (nor the capability to generate it due to their currency status.) 

If the LLCs are created in the right way and are maintained as they should be, this structure will separate the properties for limited liability purposes, and the liability generated a property owned by a single LLC will not touch the properties owned by the other 2 LLCs. 

But these do generate some leads for me. 

If you can hack your primary, generate enough revenue from that you can then find another property to invest in.

This would provide me the capital necessary to fund my real estate business and get it off the ground and also provide a conservative reserve for unknown expenses.Effectively, I'd be making the decision that I can actively manage my real estate portfolio in a way that will generate a return better than the stock market (index funds via 401(k)).I've been a passive index fund investor for years and the thought of decreasing my retirement account contribution is painful.

@Karen Chenaille We would love to see the screenshot of your report generated using the OwnerRez integration. 

I wouldn't pay $650 mo to advertise your home in TIME magazine, the sources your using should generate plenty of quality leads, I think the problem is elsewhere.Is the home nice and clean?