You say you're getting an FHA loan, so I assume that means 3.5% down.

I assume these are to flip, I suggest you finance the purchase if you can and use family funds for the rehab, then sell or if they are to be held, refinance using the new appraised value with the loan to value at 75/80%.

You'll also need unrealted (family) members that serve on the board of directors or I assume in a N/P LLC.

Landlords giving tenants a heads up are making a mistake.I set the inspection for when I know the tenant can not be present due to work and inevitably the pet gets out assuming they have not removed it from the property for the day.

Take 75% of rents-PITI and add to your personal gross income.If you want a conventional conforming loan (best interest etc) use 28% of your gross income for PITI on your new home.There are more aggressive formulas but if want 3.875% 30yr then the above will get you there, assuming good credit and high quality property, and not exceeding 36% gross total personal debt including PITI for home.

you might have nothing at all (equipment wise) and have leak in the shingles. your chimney could be there and have a slum flashing issue (caulk around the flashing).post a few pics and lets see if we can find it. it is caused by something. that's for sure. i assume no bath upstairs, right?

So yearly from those 3 homes I could net yearly on the low end $23,400 assuming all goes well with payments of course :).

I am assuming the agent already did the research on the house to know what it would resell for, how much repair costs should be, and how much it would rent for.

Is real estate something a stay at home parent can manage (assuming spouse works full time)?

Assuming he quotes me a fair estimates and delivers, I do not see why he should share in profits.