I am purchasing the property with a streamlined 203K loan.

We really need to find a way to streamline our finances in (hopefully) one place. 

Update... going to do a VA Streamline loan at 2.75% on 15yr loan.

Someone should analyze if you qualify for an IRRL (VA streamlined refinance without appraisal).

I'm sure his program is streamlined quite a bit from when I did it, but back then it was good info. 

I plan on making some spreadsheets so I can just plug in all the answers when I'm evaluating future properties (PM agreement, status of major home components/maintenance etc) so I can streamline it.

I made one happen in 42 days and I think I'm pretty on top of it, if its a non streamlined it can take months.

I just started my first rehab using a 203k/streamline loan.

It is not a requirement to be a 1st time homebuyer as this is a common misconception.The only way a new FHA loan can be obtained on a non-owner occupied home is via FHA streamline refinance where an FHA loan already exists on the home.Ed GroussmanNMLS #146696Senior Loan Officer

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