In many households home equity is probably such a large portion of their net wealth that looking for other asset clases isn't a bad idea - however I do agree this recommendation is flawed.

I am going to look at a home in Jacksonville Fl. built in 1930's.  The home seems to be well maintained for the most part, it is in a historic district.   Is there anything in particular I should be looking for?  Lead...

Try establishing a relationship/rapport first, determine motivation, and try to find a win/win deal based off what you uncover.  

Obviously getting a thorough inspection should uncover the likelihood of some repairs and provide somewhat of an estimate of the timeline for the major ones (HVAC, roofing, etc.).

It is important to be aware of these potential large uncovered losses when making your insurance decision. 

Unfortunately I think it is a flawed concept.

But, that's like the large groups of investors who try to exploit lotteries by waiting for the payout to exceed the expectation, and then buy every ticket to guarantee a profit (though this strategy has its own flaws).To sum up my beliefs -- there are only three ways to make money on real estate appreciation:1.

I'd love to see that turn around and now they do, PLUS a higher sales tax rate on food or medicines.The system in significantly flawed as is our system now.

If someone is getting crammed into FHA without at least exploring this option, it probably means that some lender isn't doing their job.Because it's conventional, that means...No FHA property standards.No FHA "self-sufficiency test," which is a flawed test anyways.Easier to get offers accepted.

What did you uncover and what are your next steps toward investing there?