Is your previous lender a family member or a close friend? 

They will also dictate the terms of the loan, how it's filed, qualifications, etc.However, if you mean PML as in your friends/family that have NO experience in real estate and just have money sitting around...then I would certainly to counsel you to lean on some type of mentor or other experienced investor in Houston on what to do. 

I never had that come into effect on my single family home purchases since I never wanted to personally be on the hook for such a high mortgage, but I think it might come into play for an MFH. 

Since this is a deal with a family relative, we decided to forgo the inspection period as I’m already familiar with the properties.

Some family members smoke and they go outside the house to do so when they're here.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

Do you think it’s better to buy a single family rental in the Saint Pete or the Tampa Bay Area?

., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

Getting into multi family in PHX is a bit of a high barrier to entry and the number of options you'd have are super low.