You then can apply for financing after you close in cash - so you have to be liquid. 

Does the 5% down applies on buildings with more than 4 units as well? 

And then can I buy right back into FHA after 1st duplex loan is transferred.Also what is needed for him to transfer his primary to a rental so he can also apply for FHA?

This article includes Prospect Mortgage getting whacked with a $3.5M fine for paying referral fees: https://www.housingwire.com/ar...https://www.thebalancesmb.com/... is a good article to brush up on.RESPA doesn't apply on commercial or hard money loans. 

if after 48 hours of “bank hold” or NSF on end of tenant, and timeframe is already beyond grace period, late fee or returned chk fee gets applied.

I'm not sure if that applies to NJ. 

Do I just leave it as is (of course making sure I’m covered for liability) or do I fully insure and continue applying for the loan?

This agreement is a perpetual guarantee for 2 years from the date of execution and is to be applied to any and all transactions presented by _______". 

@Lavette Reid Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

The new requirements will apply to tenancies starting on or after July 1, 2025, with pre- and post-repair photos required by April 1, 2025.This law also clarifies that landlords can only deduct professional cleaning costs if needed to restore the property to its original state.