Now I am getting charge .8% more interest for it being an investment property rather than owner occupant.I remember when I bought my first home with an FHA loan the lender looked through my bank account and grilled me on any type of income coming in.

Don't take much note of the NZ news papers Account Closed, Correction in China will affect the entire world not only theses countries.

Hey Account Closed you actually got me thinking last night about the Bay Area a little more.

You draw from the escrow account as you complete phases of work. (5K after exterior is complete, 5K after Rough Electrical and Plumbing, 5K after flooring, cabinets, etc. 10K at completion) This protects you and the lender from a contractor taking off with your cash and not even hammering a nail at the job site.

We have a friend who is working over seas, and because of this, he cannot put his foreign money into a Roth account.

Account Closed yes I'm still looking for a general contractor.

As a historical comparison does anyone know how many flippers were around at the height of the market before 2007-2008? 

Talk to your accountant and see what they recommend based on your financial situation then talk to an attorney that forms entites and see what they recommend based on what you will be doing.

Account Closed I would start at an office that offers education, learn the systems and processes first. 

I would check with your accountant, or find one to talk about your specific situation.