When the intent of the law is not followed, the letter of the law may be less important, the judge looks to justice and how to apply the law to get there. 

The intention is also to renovate the apartments while we live there, (my husband is a contractor in Israel) so when the time coms we can sell it for a profit.

My intention would be to rent out the other units of course and start building my real estate portfolio from there.Just doing some research in the area, it doesn't look like there are too many multi-family homes in nice neighborhoods within an affordable price range.  

Mostly, they learn all they can while simultaneously SAVING as much deposit as they can, then they buy the best deal they can find that meets their carefully thought out criteria as soon as their Lender allows.If you are intent on starting out as a Wholesaler (as opposed to an actual Investor), then you still need to find deals the same way as good Investors do, then try to get those deals under Contract for even LESS than you would think was a good price for an Investor, then go find those real Investors who will pay the extra, and get them to pay you the difference at closing. 

Hi Gloria,I served with a few shipmates who intentionally bought SFR/MFR at every PCS location.

The investors intention would be to buy with his own cash, fix then cash-out refi and repeat process to build rental portfolio. 

We know that you don't have the ability to buy, no intention to actually buy, and your success depends solely on finding some particular buyer that is willing to pay more than all the other buyers the property has been exposed to thru the MLS.

My wife and I purchased our first intentional rental property (we had rented out a previous personal residence that we've since sold), we are trying to keep up with our 3 year old and expecting our second kid next week.

You tie her house up, with no ability or intention to buy it yourself if you cannot find a buyer?  

I looked for a forum called "flipping fails" and could find none, so in the interest of full and honest disclosure of good, bad, and ugly sides of this business so that you don't get the wrong idea that real estate investing is all roses and buttercups...I present the following "flipping fail" to share a big lesson learned.This project started with good intentions 2 years ago when I found a HUD home in a resort area of east central Georgia called Lake Oconee.