Over the next seven years, my father worked tirelessly to find great deals and returns on his investment.

Glad to have you return and welcome back! 

Since I started in February I don't have any tax returns on the books to take to a lender. 

Do you want immediate return on invest such as wholesale or flips?

I never refuse to give someone an application, most of the ones I would like to refuse don't return it anyway.

That way you are protected against rate increase.You are in a good position to refi the FHA to a conventional and get rid of the MIP.As long as you are reporting the rental income on your tax return, you will get rental income credit to offset the mortgage.

As far as I know any bank in Ukraine will give this return or more with a regular savings account. 

It may be a distressed property or some other "must sell" situation where the seller's needs are best served by it.It's not necessarily a "use it anywhere" strategy.For example, you might use it to prevent a foreclosure - bring the payments current and make the payments going forward in return for them conveying title to you or your entity.

What types of properties are you looking for and what kinds of return do you want?

But we settled on an arrangement that we both were comfortable with: he bought a 2BR, 2BA condo for cash, and I paid him rent that gave him a 4% annual return over PITI—and I agreed to pay all maintenance and repair costs that came up.