If you are going out-of-state, I would get a single-family to start as a test, or at worst, a two-family.

I do believe that their alleged name is pure bs.I, too, do not have the luxury of only accepting known callers.

Once an offer is accepted, the agent forwards the money to the title company or closing lawyer.

-> Stress-test rehab/vacancy/hold time.3) Your profit is made at purchase. 

You may need to get a home appraisal, and you'll be responsible for the cost"My question is : Should I have my own appraisal done by a reputable company that would be accepted by banks for appraisal estimates and then request Citizens to do their own appraisal for a request of PMI cancelation.

@Kevin Luttrell - I disagree, I have seen lenders accept the report as a reference point during the appeal process.

The home buying process typically follows these key steps:Assess Your Finances: Review your credit score, savings, and determine how much you can afford for a down payment and monthly mortgage payments.Get Pre-Approved for a Loan: Work with a lender to get pre-approved, which gives you a clear budget and shows sellers you’re a serious buyer.Find a Real Estate Agent: Partner with an experienced agent who knows the local market and can guide you through the process.Search for Homes: Browse listings and visit properties that fit your criteria (location, size, price, etc.).Make an Offer: When you find a home you like, submit an offer through your agent, including contingencies (financing, inspections, etc.).Home Inspection & Appraisal: Once the offer is accepted, hire an inspector to ensure the home’s condition and the lender will order an appraisal to verify the property’s value.Secure Financing: Finalize your mortgage by submitting required documents and ensuring the lender clears you for closing.Closing: Sign the final paperwork, pay closing costs, and receive the keys to your new home!

I wonder how this works with the Hoary test.. 

Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept).

And the reasons is not so much the tenants, but the paperwork hassles.As a landlord who accepts HUD vouchers (Section 8), you still have the right to set your own tenant criteria.