Pools are also not permitted with Streamline Option2.Full Repair Optiona.Minimum of $5,000 in improvementsb.203k Consultant is requiredi.FHA Approved Single Family “construction manager” who oversees and inspects the rehabilitation work from start to finishc.Nearly any type of repairs is allowed (luxury items are not).

(We will probably use HML for the rehab).We have a few deals in mind but we are currently trying to pool our money together for the down payment. 

Pools are also not permitted with Streamline Option2.Full Repair OptionMinimum of $5,000 in improvements203k Consultant is requiredFHA Approved Single Family “construction manager” who oversees and inspects the rehabilitation work from start to finishNearly any type of repairs is allowed (luxury items are not).

I love animals and agree that having a "no pets" policy cuts off a large pool of applicants.

In fact, when we're buying large pools or tapes of 1sts, a large percentage are vacant upon purchase - so we're really in the hard real estate business when we're in the note business.Not to mention, I have personal holdings - both a residential portfolio and a growing commercial portfolio.

If you have a higher-class tenant base, you might want to think about a "community room" with wifi, TVs, comfortable furniture, pool table.

And we get our own 4 walls, a pool, the ability (and experience) to renovate a house to be exactly what I want, and a great location in Scottsdale after less than 18 months of my version of house hacking. 

Also, you're VERY flexible on improvements made, to include adding pools and built-in outdoor BBQs (not that you would, just saying...). 

We renovated the entire property, including pool area and a pool house in the back.

If your house is paid for you can pool that rent money and use it to buy another house.