From what I understand, the FHA is pretty strict on making sure you reside are living in the property while the loan is outstanding.

One more reason to go MFR, BTW.If you get a full 27.5-year ride with a great investment property, you toast your spouse with a glass of outstanding champagne and count your blessings.

Your title company does the research to whether or not the seller can legally transfer the property to you, and that there are no open/outstanding liens or other claims on the property.

This fee is added each month that there is any outstanding balance due.

If they do, and the landlord responds within the 10 day allowance, that tenant’s voucher can get placed “on hold” until compliance is made with the current landlord.If a SEC 8 tenant has an outstanding landlord judgment, HUD will not reissue their voucher so they can move until the judgement is satisfied or a payment plan has been agreed upon.SEC 8 tenants are educated in the process of home inspections and are quick to call if they see a problem that may compromise the house, such as a water leak.In most markets, SEC 8 pays “market rent” based on comparable non-SEC 8 units that have rented in the same city within a 5 mile radius, within the last 6 months.

Monthly interest charges are simply a function of the outstanding balance for That month.To easily calculate how much extra to pay to pay it off in say five years, simply put your balance amLunt into an online mtg calculator, for a 5 year term at your interest rate.....the resulting amount is how much you’d need to pay each month.You can also plug your current loan into the calculator, look at the amortization, and see exactly how many months a lump sum additional payment will “skip you ahead” in the amortization schedule.

They do outstanding work and can handle pretty convoluted plumbing jobs.

@Clayton Hepler It means that in order to close (transfer ownership) any and all outstanding debt must be paid off.

Would the basis be the ARV less the cost to purchase is ($50k) and the cost to rehab it ($30k) or would it be the outstanding balances of these two loans?

This implies that if you purchased at the beginning of that window with projected $200 negative cash for that 3 years later you would be experiencing on the order of $300/month positive cash flow.The issue is that last 7 or 8 years have been outstanding in terms of market and rent appreciation.