For a Conventional/FHA/VA Loan, taxes play a large role in calculating the income of an investor.

On top of that you may get someone that plays dumb because they don't believe in your idea, not much you can do, and happens more often than you'd think.

I currently own my own business, and enjoy coaching and playing both soccer and golf.I just did some browsing in the forums and it seems very promising.

I've flipped through J Scott's books good info well organized but I'm not flipping or rehabbing yet so not sure how that play out in the real worldIt really depends what area of investing you want to get into.

If you play the speculative game (as we do as well with flips) then market conditions are more of a factor.

We talk about FHA+MFR for countless hours each year, but I can count on one hand the number of these I actually do in that same given year in SoCal / Bay Area (eg, excluding rural California).And for that handful, it's typically a slightly different formula:[ FHA + Off Market + Discounted Price + 2-4 unit = win ]Ain't nothing I can do as a mortgage guy to make FHA not FHA except give you pragmatic advice.

What factors come in to play first!

., you should take that as a sign that there's already a market, and given the overall size of the opportunity, there's plenty of room for others to play. 

I am not an accountant, nor do I play on on TV but I do pay for one.  

.), go to top sub-market in those markets, stay in class C/B- because people will always need a place to live, run sensitivity analysis on interest rates, caps, rent rates, etc. to make sure DSCR stays above 1.25 for refinance purposes and Return on Equity meets minimum requirements, and some may say keep hold periods to minimum (grab value and get out).I'm sure there are posts about tech/start-up bubble, but it will be interesting to see how that plays out, and how a bust might affect national economy.As always, keep diversified.