Quote from @Drew Sygit: @Gregory Murphy Yes, what you propose should work, as long as you can avoid the squatters and crooks.You might want to read our series about “How to Screen Applicants like a Pro”:https://www.biggerpockets.com/member-blogs/3094/93296-how-to-screen-applicants-like-a-pro-part-1-verifying-credit-reports Thanks for sending that articel Drew.

Quote from @Drew Sygit: @Mark Miller This is a common issue and often proves that an owner who THINKS they can DIY manage, has NOT done their homework regarding all the legalities involved in managing rental properties!

Quote from @Drew Sygit: @Gabriel Craft those who are efficient get the most done!

@Drew Sygit there are actually two people in my neighborhood that have 250M dollars.

A lender collects all of your documents, gets your preapproved, answers your questions throughout the entire process, quarterbacks the deal you are making, structures the deal so it meets all of your specifications (down payment/monthly payment etc.), and does so during hours that are convenient for you (nights, weekends, holidays).

Quote from @Drew Sygit: @Yangbin Tong In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING. our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

Personal preference (if so, what drew you to that place?)?

@Drew Sygit that’s solid perspective.

Quote from @Drew Sygit: You can buy a primary with FHA, preferrably 2-4 units, AND buy a rental with 15% down.You'll have to live in the FHA property for 12 months, but if you buy wisely, you may be able to refinance after 6 months and get rid of MIP/PMI on both loans (20% equity required) and then repeat the process.That's a good point. 

 @Drew Sygit  poor advice.