Try to put a bigger down payment in than you might need to give yourself some breathing room.2.

I finally understand that credit card payments are exempt from needing to send 1099's.

@Andrew Lanoie I apologize for my remark.But our investment is 40 times the monthly payment.

Would it be wise to buy the land with cash we have or utilize as down payment to avoid PMI?

I do direct booking through the Houfy website, taking credit card payment by Square. 

A reliable property manager and CPA are worth their weight in gold, especially when you’re managing remotely.If you’d like to chat more about what’s worked for my clients or have questions about specific markets, I’m always happy to share insights.

Other lenders will specify a maximum LTV.Payment Options: If you allow payment deferral, note it here.

I am of the opinion that you'd be better served using that money toward the down payment on a property.

Despite the program's claims of providing exceptional training and support, my experience with Kristin has been far from satisfactory.First and foremost, I find it necessary to address the issue of non-payment.

Most mortgage companies will not call loan due if payments are current but you do run that risk and need to be prepared to payoff or refi at a moments notice.