The main hassle of conventional lending is being able to provide proof of income and seasoning.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I figured lowest money out of pocket was the best way to go, and in this case FHA would provide the lowest downpayment.

There are mortgage recast calculators online or you can reach out to your lender.P+I payment will go from 2155 to ~1800 given the numbers you provided.

Some mortgages also don't allow a second lien on the property, so how do you provide the seller with assurance?

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

The loan is listed on the HUD and they provide lender's title insurance.   

I recently looked at an existing STR, but either the seller did not track the expenses or they did not want to provide them. 

These areas tend to attract high-quality tenants and provide consistent passive income, which is a great foundation for building your portfolio.If you’d like, I’d be happy to share some insights about these types of markets and why they’re appealing to investors.

These I have found are real, striving parents, working their butts off to provide the best housing and school system for their children.My ethos in this approach is exactly why we at LaPlante refer to them as Residents, as we consider "Tenant and Landlord" to be dated terms and rife with negative emotion.