I just want to keep my options open and know what my exit strategy would be if I do have to disposes before the ten years.FYI, since I did the original post, the broker sent me the lender defined YM sheet of the contract, and I will just go through and start crunching some possible scenarios, to get an idea of what kind of hit I would take...ALSO, I asked about Owner carrying a second if I a buyer assumes the first and he asked the lender who replied that it was very common for Fannie to do a supplemental second along with the assumption of the first, in this type of a scenario.I welcome any advice or opinions...please don't hold back, I have thick skin!

After buying your first rental property, getting a grasp of the system, and getting some skin in the game, how about financing that next property?

More than one way to skin a cat.

@Minka Sha don’t forget 3 very important things. 1) your principal pay down, is probably $400-500/month.2) rent growth - PB is very desirable and rents will likely continue to go up over time 3) appreciation - coastal CA will always be in demand which will fuel appreciation You bought it with 5% down so have very little skin in the game. $1000/month loss like @Dan Heuschele calculated is tough to swallow but I’d guess you’re breaking even if you include principal pay down and appreciation.

After the storm is over, they may go back to normal 10% down, but they are defiantly going to ask for a lot of skin in the game.  

So they are not going to stop lending, what they are instead going to require is that you have more of your own skin in the game if you’re going to borrow from them.

Make sure both of you have skin in the game and expectations clearly spelled out.

Yet I have 1500 glowing 5 star reviews and it's because I turn away the trouble guest. 

You’d likely need some money down so the hard money lender has you with skin in the game, but it will be lower than a conventional loan down payment.  

A lender will want to know that have and are prepared to put some of your own skin in the game.