​Current Property questions i need help with please:

[Michael Dunn]

A property has a lien on it currently , but will be ". gone " from the property in a few months ( the line's 10 year probate period Will be up in a few months )

The property needs $20,000 in repairs ( materials only )

I currently have a FHA loan on a property

The ARV on this investment property will be $130,000

My all-in cost for the property will be around $80,000

My main questions please are:

1. will i be able to get a 2nd FHA loan if I make this my primary residence vs an Investment Property ? Even if I currently have a FHA loan with my current primary residence?

2. I would have to get a 203 rehab loan , correct ?

If so , would I be able to do the majority of the repairs myself, so long as I can show proof that I can do the work ( I've been a contractor for 12+ years )

3. Would a HML be my best bet on this property .......... as i may have a better chance for being approved to do most of the repairs , as well as Having the best chance of getting a loan for the property?

4. What are the current ....... Points and Interest Rates for a HML ?

5. Would I have to come up with any money/ put any money down .......... depending on how good the deal on the property is , and if I can get it for under 70% LTV ?

Thanks so much for the help