Catch is ... it is zoned at RM20-A, which for those of you keeping score at home, is apparently not eligible for a Non owner occupied STR. 

Then mortgages get collateralized and sold to Fannie or Freddie so they can keep lending and make money from the original fees.

That would have been known up front if that was the original loan product being used.  

Going to depend much more on more details / your personal situation - all things equal you will probably get better rate/terms on conventional if you qualify for bothThanks I have a good credit score just trying to get rid of that PMI 

Originally posted by Alison Robinson:Hello all,I am in immediate need of a Commercial/Residential Property Management Company representing owner-landlords on the South side of Chicago.

Zandi said the added cost would be even greater for Americans with lower incomes or credit scores."

Taxes on the original gains are deferred until December 31, 2026, and future gains from the OZ property can be tax-free if held for 10+ years.

Originally from Pennsylvania, retired from the Navy in 2018, moved to Boise, ID (where I am now), and decided I want to buy my first investment property this year.

HUD.GOV is originating source for FHA loan info.

Unlike a foreclosure, a deed in lieu of foreclosure does not extinguish any of the liens and encumbrances affecting the property.Most courts recognize the execution of a deed in lieu of foreclosure in a transaction subsequent to the original mortgage transaction as a legitimate alternative to foreclosure proceedings.