Even though the HUD program doesn't require you to be experienced, the program is truly created for a more experienced investor because of the cost and the structure of draws.If your loan amount is $1MM above you can go to Agency which does offer 5-year, 7-year, 10-year etc. fix with up to 30-year amortization.

@Eric Palomino if you reach out to the utility company, you may be able to create a landlord account.

It's amazing how quite literally a few pixels and an auto response email pat on the back create this tiny amount of electronic validation that is so encouraging to do more. 

Super-priority liens are created by statute... so things like X months of HOA dues, taxes, water, etc. can be given priority pursuant to local law. 

Hi Everyone,So I've been back in the States for about a year a couple of months after living abroad.Living abroad has open my eyes to creating new goals in my life.I used to think I want to live debt free (almost there, minus student loans).My current goal is to live Financially Free, to be free of a JOB and to focus on what I find important.2018 is the year of beginnings for me.

As many have recommended, I created an LLC to get started with my rental properties but I'm wondering now if it makes any sense. 

My goal over time is simply to create a modest portfolio (maybe 5-10 properties) that helps me on my way to financial freedom; I have no aspirations to become a professional landlord or big-time real estate investor. 

Does the FCRA have any input on to whom I rent... meaning, does it create any limitations on my criteria:  no felonies in past 10 years, not on probation or parole, no evictions in past 10 years, good references from prior landlords, not owe money to any prior landlord or utility company, have reasonable credit, income is 3x rent, etc.

Creating as much value for both parties will always lead to success.

Facebook groups in that area are another resource.If you're not able to get a buyer before moving that creates another set of issues.