If you'd like to get rid of these onerous rules to meet you can refinance out of your current FHA loan first yes.The other consideration is that if you move out of your primary to purchase a new FHA property you may also be subject to the 25% Equity requirement on the property you're vacating or leaving + the 100 mile rule that FHA has in place to stop rapid acquisitions.

This tax savings can be huge when you are self managing, but still very useful for when you want to leave the state and have some property management company run it for you.If you have any more questions, feel free to ask me.

You can't stop this tenant from leaving.

But it is either pay the rent or leave. 

I see a few red flags and just want to know if these are typical provisions and I'll be facing a "take it or leave it" scenario with ny intermediary I hire.Please give me your thoughts, my gut says the QI wants overly broad protection from everything and that shouldn't include things like not verifying instructions are from me or for negligence or misconduct.Sample Terms1.

The third tenant just disappeared one day, leaving all their belongings behind and causing more headaches.At this point, I had already gone through two evictions and was starting to lose faith in the property manager.

It's the first PM solution that I tried so I'm going to be bias, but so far it hasn't given me any reason to leave.

Corina,Congrats on leaving the corporate world and diving into the REI arena! 

If I'm required (by the bank) to leave 30% in the property...who is finding properties where they can make these numbers work?

The scams aren't frequent, but they will definitely happen if you leave the opportunity out there for people.