Treasury started requiring identification of principals behind LLC in certain areas of the country like Florida and New York (https://papers.ssrn.com/sol3/papers.cfm?

They included 15 months or so worth both taxes and insurance.Your monthly payment includes principal, interest, taxes and insurance.6% is a little higher than typical loan, but it is difficult to get a loan for less than $50k.....most lenders won’t/can’t do it.

I know one is fine with 5 year term with balloon payment of the initial principal at the end of that. 

An overview can be found here.The CMHC web-site also has a mortgage calculator which will accommodate high-ratio, insured mortgages.My recommendation is to learn the underlaying principals, be able to perform the calculations manually and develop your own spreadsheet.  

Under the principal called Sixth Sense, section titled, Let Great Men Shape Your Life that he described mentors. 

In any case since it will be your first house, it will still be considered your principal place of residence with all the tax benefits.

Within 2-3 years they refinance, returning my principal, though I continue to hold equity in the project.

The monthly principal and interest payment is $2149.00. $1700 NOI/month - $2149mortgage = -$449 (negative cashflow after I pay my mortgage)-$449 - 268PMI = -$717 (negative cashflow with PMI)From this perspective, the real-estate doesn't look like a good investment, although property depreciation and tax losses would offset some of these losses in the first few years. 

Aaron Amuchastegui, Manager, Homerock, LLC See the answers to these questions and more in the Speaker E-book here.The following speakers have contributed to our E-book: Aaron Amuchastegui, Manager, Homerock, LLCKevin Baldridge, President, Tricon American HomesBruce Bartlett, Managing Partner, Sequoia Real Estate PartnersMark Bloom, Principal, NetWorth RealtyGreg Coleman, Co-Founder & Managing Partner, Revest Asset Management Steve Daniele, CEO, Shannon Staley And SonsKathy Fettke, Co-CEO, Real Wealth NetworkRandy Hagedorn, Senior Vice President, Tricon American HomesLee Kearney, Owner, Southeast Property Investments NetworkIsaac Kyle, CEO, GOAL Property, LLCSandor Lau, Chief Inspiration Officer, Noted Financial Ryan McGarry, Managing Partner, COO, VineBrook HomesWade McGuinn,CEO, McGuinn Hybrid HomesMarcos Morales, Executive Director, Hogar Hispano, Inc.William Powers, President, RTO Property Michael Saccento, Director, Figure Doug Smith, Portfolio Manager & COO, Castle Rock Capital ManagementKelly Stumphauzer, Owner, Prosper ClevelandThey will be joined by over 170 esteemed industry speakers who will be discussing the key issues and opportunities in the single family rental investment market.

Since we have  quiet a few attorneys on this thread,re due on sale clause , what  are the attorneys opinions re the change in the "due on sale " clause  based on the changes in fannie mae guidelines from Nov 2017, and proceeding with the samehttps://www.fanniemae.com/content/guide/svc110817....Section D1-4.1, Information Relating to Transfers of Ownership Applicable to All Mortgage LoansD1-4.1-01, Determining Whether a Transfer of Ownership Is Permitted (11/12/2014)[...]D1-4.1-02, Allowable Exemptions Due to the Type of TransferA transfer of the property [...] to [...] a limited liability company (LLC), provided that: the mortgage loan was purchased or scuritized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).ThanksP.S thanks to Chris Mason who posted this on this threadhttps://www.biggerpockets.com/forums/49/topics/610...