. - Unfortunately no, FHA loans are designed for owner-occupied primary residences, defined as 1 to 4 units, so it cannot be used on commercial properties.

A pension provides a defined benefit, but it is not something that can be passed on to heirs other than perhaps your spouse.  

Sadly, haven't been as active with REI as I had hoped, but definately glad this came across my keywords today!

Thanks for the head up.I would love to be able to run a script every morning and have it list all the homes on Realtor, trulia, etc. that meet some defined parameters.

If the deal makes enough sense at its current form (which I'll define as 150 net per unit for Chicago market), and you have the potential to bring it further up, it could be a pretty good deal.

You can structure your LLC at 50/50 split, but have responsibilities clearly defined in writing, with consequences, what happens if that person doesn't perform his part.

I will definably verify everything she is saying is true and it is not caused by any other circumstances.  

I guess a spreadsheet would be useful to define and price each rehab scenario. 

Figuring out what your "why" is is helpful when defining goals.  

The fact is that these "credit enhanced" loans as Fannie Mae calls them (defined as less than or equal to 20% down) existed before the crash.