You'll have to meet additional conditions if you want to use FHA more than once, so that may be what your broker is referring to.

I don't yet know about the health of the seller but this could be an interesting exercise even if I don't purchase.

If you bring in passive investors, you could set it up where the equity gets a base return (say 10%) before splitting profits, then you, as sponsor, would take 40% of the remaining profit and the investors take the other 60% (in addition to their return of investment and preferred return).Depending on Oregon law, you may find an LLC to be better than an LP (or some other structure). 

The property's value is not expected to raise but there is room to add an additional property on the land being purchased with the home.I'm open to all comments and concerns. 

I currently run sales and marketing for 8 manufactured home communities here in Michigan, in addition to my real estate business, and now investing.

I found a foreclosure that looks to be an opportunity for instant equity in addition to a solid cash flow. 

Those who are self-employed (wholesaling generally qualifies) can get the additional benefits of the Solo 401k including: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

I am a big fan of the less gentrified neighborhoods of Hermosa, Little Village, Uptown, etc. in addition to the Opportunity Zones with regards to capital gains tax deferrals.

I mean you will have to report a bit of additional income, which will help you with future properties.

My original impression of rent to own was that it’s the same as regular rental, but with a buy date and additional funds being given as option fee.