Once you add in FHA MI, property taxes, and HOI, you are looking at over $5,000 per month mortgage payment.

Flood insurance in this area (and HOI for that matter) have gone absolutely nuts.

If the ex is removed from hoi will the lender be notified and will they require I qualify with only my income?

Quote from @Hoi L.: KO Roofing is the roofer I had used in my row-home flat roof replacement in Westbrook Park.Very reasonable and a standup crew.Good luck Thank you!

Selling it to a HO is next to impossible. 

@Hoi L.I'm not sure I understand. 

-Hoi

Less in taxes and usually requires an HO6 policy instead of a full HOI hazzard coverage on an SFR which can cost 10X more per annual.You may also want to consider buying a duplex, or 3-4 family and if you do not own a primary you can go FHA and put only 3.5% down and occupy a unit for a year or less if you buy another home or move out to a bigger space.

I am trying to understand what exactly gets covered with plumbing on regular HOI.

@Uyenchi Ho I would take down one property with an option and try to market that, if it works heck yes get options on all of them, but yes you have to see a property first.