Was blessed to have a father that taught me the basics of plumbing, rough construction, electrical and other household repairs although I was not always a willing participant.

But your wife is your family, so your "household assets" would include them if you were to do a family net worth balance sheet thing.(2) Find another lender, they aren't investor friendly. 

At best, I see my opinion as only a springboard to create questions that form a starting point and set of questions from whence to launch a comprehensive course of due diligence.So, I am suffering from “cognitive bias”.... or “the effects of ... legal education at Internet University” ??

Sometimes it is better to insure your first few properties with your primary insurer because the policies will offer more comprehensive coverage than say Foremost or American Reliable.

You can get a second FHA loan if:1) you cosigned on a FHA loan for another individual but you now want your own home 2) you were divorced and no longer cohabitat the home with your ex-spouse and now want to buy your own3) larger family size and can literally document a larger household now via mammogram, adoption papers, letter of explanation,etc4) you are relocating to a new area and would like to use the FHA program again and have employer documented relocation papers/job offer to make any of the above work you need adequate time to plan, documentation, and a loan officer who can sell the above to their underwriter.Good Luck!

My two cents worth: Will this house hold it's value for at least a little while?

Hi RamonI've been a broker in the metro Milwaukee area for 14 years, and in my opinion, based on what I've read, the new law absolutely will not delay closings, but in fact should speed them up in some areas, especially in communities like Shorewood that formerly had very comprehensive (and in some cases, expensive!)

Now though for various reasons we're in the same process you are looking for equity partners.What I've done is create a comprehensive overview of the project on slideshareDOTnet.

You need about 3k a month household income to qualify for a decent property in Provo/Orem.

Also, that $3563 is 56% of the median household income.