You could buy a CD right now at 5% and make a better return and that is a VERY conservative choice with much more advantageous options available.

Not my first choice, but currently my only option.BTW, good on you.

This can add up.Property Standards: The house has to meet certain standards, which might limit your choices in a competitive market like LA.Loan Limits: There’s a cap on how much you can borrow with an FHA loan, which might not cover the higher-priced homes in LA.My Take:If you’re set on buying now and can handle the extra costs, FHA could work.

This produces a risk if rates go up as is being predicted.If you have excellent credit, and a conforming deal, with plenty of time to close,than a bank is always the best choice from a rate and fees perspective.

They help with money control, lead to wiser choices, and track cash flow better.

🤣 Always the #1 choice.....

If she just moved in, I'd tell her clearly this isn't going to work out (you can mention quiet enjoyment and her being loud at 2 am, but I'd leave other parts suck as her choice for lifestyle out of it-ie having 3 different guys spend the night) and remind her of the lease.

If the Cincinnati market is your choice I would love to have a conversation with you.  

Those long deals (6 months or more) usually have some big issue with the property or business that can’t be resolved quickly and since you’re dealing with SBA you have only one choice—wait until the issue is resolved.

To me this was a bad choice by a rookie investor.