Along with the final absurdity that, "You will Own Nothing and Like It." 

A while back I heard that you could buy a fourplex with and FHA and then after a year somehow role/transfer that FHA onto a triplex and then a duplex and then finally a single family home?

I heard that you could buy a fourplex with and FHA and then after a year somehow role/transfer that FHA onto a triplex and then a duplex and then finally a single family home?

It is further compounded by the fact that when you do finally increase rents, it needs to be a big increase.

There some signs of the market calming down a bit finally, but contractors are still booking weeks out when you find a good one. 

And finally let's say he's right and you're borderline, you just need a backup plan.

Glad to hear your finally ready to take some action.

Fresh out of college and with my first professional job nailed down, I was living in the finished basement on one side of a duplex in a rent-a-room situation.

First you need to wait for the loan to settle with final servicing company.

Finally, remember you are never alone.