And if this real estate thing doesn't work out, you'll be out a lot less money.For most folks on BP they really just want access to the MLS, so being a salesperson is quite sufficient.

Some details of  contracts to ensure that you and your tenants needs are more sufficiently met with snow removal.  

Heaven forbid, but how many projects that won't cash flow or don't produce decent ROI at 4 or 5% will cash flow or produce sufficient ROI at .5 or 1% interest?  

This is known as the self-sufficiency rule.

If you want to buy and hold, and you aren't finding satisfactory properties in your price range that will produce sufficient cash flow, go East and perhaps a bit North too.

For lawn maintenance and snow removal I have $1,200/year,do you think this is sufficient?

The accepted standard for determining current market price is to survey the market area with considerations for quantity and quality for a "going price" of the goods and services in question.In a widely cited case, the FTC went after a Baltimore roofing contractor in the early 1970s successfully alleging the contractor was overcharging consumers to reroof their homes.

Is there any letter I need to request from HOA (say commitment that they will clear this up) that could be sufficient for title company to agree to close 3.

Its called the self sufficiency rule.- you cannot use non occupant coborrower for income purposes or you may have to increase your down payment significantlyAs for other underwriting guidelines, its pretty much the same as any other FHA loan.If all units are occupied you'll need atleast one of the tenants to write a letter to state they intend to move out by the date of closing.

A home without an operable/sufficient heat source in the winter is considered uninhabitable.