Unfortunately the other "investor" basically said oops and the house went to auction last week.  

I am just trying to figure out another way to get into my 2nd Multi-Family faster.This is because in the underwriter's mind you are not planning to live there as a primary but rather the implication is that you'll be using the FHA vehicle to become a landlord and your stay will be temporary.If the file is structured correctly and depending on your circumstances you could buy another mult-family with little down (2nd FHA).Some implications you may have to consider is that most borrowers will not qualify for a 2nd FHA loan unless they refinance/payoff their current FHA loan and an FHA loan is needed because conventional is a min 25% down whether its owner occupied or not.The other issue is do you have enough equity in your current FHA financed 4plex to refinance into conventional?

,unfortunately (and fortunately) I don't have any before pictures because the before look exactly the same as the after.

Unfortunately, over that time I have seen many folks get into investing and not do their homework and put themselves in the worst position - the need to sell.

A lot of lenders, unfortunately, just don't know how to handle VA loans.

Crowd funding sound like a good option as well....Unfortunately yes, this is far fetched. 

Its crazy what some people will try and its unfortunate that some people will fall for this.

Of course you are still paying your PMI but your out of pocket isn't that much different than an FHA loan.As far as the rental income, unless it's a special circumstance, lenders want to see 2 years of proven experience/income from your units before they count it towards your income.  

Unfortunately, it wasn't possible in this case.

I'm now 30 with two kids and unfortunately following in there foot steps of financial distress..