I've been studying for the past 4 month my Real Estate Sales course and been reading REI books, listening to BP podcasts and gaining as much information as possible.

If a new tenant comes in every 18 months, that eats away on a few months of cash flow...Is they typical?

I definitely would love to gain a mentor, sooner than later.I listen to the Bigger Pockets Podcast regularly now.

Looking to gain as much knowledge as possible about exactly how REI will benefit my family and peers.

. - Do you know how often lenders typically exercise the right to lower the limit?

I think it depends on the lender itself but from what I have experienced banks typically like 2 yrs of tax returns showing the rental income.

However, the equity arrangement is much more typical and makes sense.

FHA loans are 3.5 % down and typically must live in the property for at least one year.

I am still trying to gain knowledge about the different loans out there and what would work for us, We would hope to network enough and find an investor to partner with that can help us on the financial side.

You'll gain some insight into what the City Might consider.