Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

What is a storm rips through and trashes the roof, BUT the condo project does not have enough insurance coverage to fix it, the value of the all the units in the project just went down. or, even if they are able to fix it but  the coverage premium doubles so the HOA has to double the monthly HOA dues but half the complex can not afford it? 

All this fancy mumbo fha guideline gumbo means is that your projected market rents assuming all units, if it were rented Times 75% need to be greater than what your monthly payment is  (PITIA = principal/interest/taxes/insurance/assessments monthly), other wise FHA will not lend at that loan amount so common solutions to this when rents are too low in your local market are to put more money down payment which defeats the whole purpose of low 3.5% down FHA doesnt it?

- Always pay for title insurance!

Most of the time, you're not doing anyone any favors by keeping rents too low - you're running a business and taxes / insurance / HOA / Maintenance are likely to continue to increase.

ya its not like moving to a 3rd world country plus you can get health insurance once you have your Golden visa for a very nominal amount according to my friend that has a Golden Visa. the 500k has to be in cash though I believe.. they bought a unit in Porto and one just north of Lisbon. sure beats Mexico I can tell you that..

I immediately did what I had done with other rentals insure the property.

I’m almost hoping she rejects my offer because it’s so complicated, but it kinda seems like it could be a win win.We pay $2600/monthI’d offer her $3k/month ($600k @5% 30year amortization) plus I handle taxes and insurance.

Odds are, that scope of work is not a part of his original contract, so he has no obligation to do the drawings for you. 

Make sure you know your exact insurance costs with a specific STR policy that has general liability as well.