Originally posted by @Michael Fuller:@Jason Leavitt I didn’t know that it was a limit to units for the fha loan @Ryan Avila ok how much do mortgage insurance usually cost @Ryan Stumbaugh I added the points in the closing costMichael, google FHA MIP, as well as FHA self-sufficiency test.

On top of that, you're doing so and in an extremely unpredictable market with some of the highest costs and most complicated logistics on the planet (e.g. solar requirements, fire sprinklers, blower door test, CEQA, etc.) in the middle of a global pandemic no less...You mentioned having the property tied up, are you getting it at well below market value?

Problem 2, cost: This is a small project, designed to give new investors a chance to test the waters in a safe, low-commitment environment.

"The 2% rule in real estate is a rule of thumb which suggests that a rental property is a good investment if the monthly rental income is equal to or higher than 2% of the investment property price"$94,000 current rent/12 months = $7830 per month revenue$1,295,000 * 2% = $25,900 per month to pass this test Fail. 

It's in my blood to find plan and execute deals.

What a satisfying feeling to see something go from drab to fab using your own blood, sweat, and tears (yes, I experienced all three).

Getting a covid test yourself and asking roommates to do so may go a long way.

I'm wondering if there's a middle ground here -- would it be at all feasible to purchase your own truck/gear and service/charge your own portfolio as a test run? 

You have to take a 24 and 48-hour course, then pass the national and state portion of the test.

You can try to do a search for the "Howey Test" and see what you think.