There is a ton of information here so don't misunderstand my silence as weakness.

You may bring in additional funds needed from any source.Banks and lenders are not immune to misunderstanding the law.  

I honestly feel like I'm totally misunderstanding your explanation so just wanted you to know that I'm not counter-arguing or anything.

@Jennifer Lee and @Jonathan Makovsky, you may want to check into that and see if they are mis-understanding how you are renting the properties.I have two student rentals and have not had problems with them, one is a four bedroom single family home, i rent all four and the other i turned into a two family and rent 8 bedrooms, both in Pennsylvania.

Don't misunderstand, not all education is good education. 

This represents a huge misunderstanding of the incentive of a commission.  

Discussions around house hacking and multi-family properties on the south side of the city were had since this property was opportunity for a FHA buyer.Normally people have a misunderstanding for the south side of Chicago, clouded by myths and stereotypes they forget that no matter where you go there is going to be negativity and bad pockets in neighborhoods.  

Not recognizing the difference and understanding the risks that then follow the REO is a misunderstanding of real estate investing in general.

As evidenced on this thread, there is a lot of mis-information and mis-understanding on this topic.  

I'm wondering if I misunderstand what title insurance does and if I even need it.Thanks - yes, this is a super abbreviated version of https://www.biggerpockets.com/forums/311/topics/301827-total-newbie---need-help-with-title-insurance