Quote from @Adrian Zy: hiHow long does it take to evict a tenant in New Heaven now Too long.  

I give them a deadline to respond, very clear terms of how we will move forward with the option they choose, and I make it clear this is my final offer.

In real terms you would walk away from an investment long before a primary residence and therefore most banks will not allow it for anything less than 10%.

I have done my underwriting for 2 years with zero near term appreciation. 

In Denver metro area, for instance, the city of Denver only allows short-term rentals in a primary residence.

You will not be refunded any of the UFMIP if you refi unless you refi into another FHA loan, in which case you will receive a partial credit based on how long it's been.

I'm considering purchasing a condo or a small SFH in the Oceanside/Carlsbad area as an investment property and renting it out on a short term rental site like AirBNB. 

However, there are other loans designed for fixer uppers referred to us hard money loans, bridge loans, or fix and flip loans but whatever you want to call them they're essentially short term, interest only loans with no prepayment penalties designed to finance a higher % of your purchase price and typically all of your renovations not to exceed a certain % of the ARV (typically 75% max). 

While I help people find their dream homes daily, my true passion lies in real estate investing and building long-term wealth.

If you’re leading it to a company be sure to have in your lease explicit information about who is responsible for what in terms of maintenance.