Can it be extended if needed?

FHA has a lot more paperwork, up-front PMI, plus you have monthly PMI for the duration of the mortgage.

Why This Matters: A Cultural Heritage Endowment Leveraging Time for Economic GrowthThe purpose of this initiative extends beyond creating affordable housing or financial returns—it’s about leveraging time, the most valuable resource, to create enduring cultural and economic value.

No prudent fund is operating 4-6% over prime and doing so without hiccups if there's any duration behind that, let alone 2x that yield.

they probably have a bunch of 3% nonconforming loans on their balance sheet so 5.5% is not bad, totally reliable payments, plus in a legal battle they'd likely find the power of attorney didn't extend to the ridiculous term and that there was no breach of any enforceable agreement.   

I do have a nightly pet fee but i put in my listing that if someone is bringing a pet for an extended period of time they can also reach out to me to discuss a flat pet rate for their stay.

How long is the duration of the program/advices?

Plus, with the relatively stable rental market in Memphis, it’s less likely you’ll face extended vacancies compared to more volatile areas.Overall, option 2 (buying a few out-of-state properties) seems like a solid choice.

Can you extend settlement in order to get approvals? 

To maximize the sq/ft (and save cashola) and give it a more spacey feel, I’m doing open shelving instead of upper cabinets and the countertops will extend all the way to the near wall, fully covering the front load washer and dryer units, which also have their home in the kitchen.