In addition, while the umbrella did not end up having to pay out, having it meant I did not stress about it at all.  

Quote from @Catherine Ding: My PM company is offering to do it for a high fee of $100/month so I'm trying to find alternative options.

Good Morning - My realtor came to me with an offer for an FHA loan but they want to move in this weekend.  

Does anyone have experience with banks that offer these without fees? 

In fact, some of the best opportunities in real estate come from properties that others overlook—distressed homes with potential that just need the right investor to bring them back to life.If you’ve been in the game long enough, you know that distressed properties can offer huge upside, but they also come with their own set of challenges.

Making additional payments or taking a shorter term are just depositing more into that savings account (it's not like the property appreciates more by paying down the loan). 

@Yael DoronIf you're working with a $150,000 budget and aiming for high ROI through rental income, consider nearby areas around Phoenix that still offer affordability and growth potential.

Additionally, regarding the legal structure, an LLC seems to be the most suitable option for our situation.

Honestly, it offers more features than some of the big-name PMSs out there.

I also want the seller to sign, just to add its own confirmation to the tenant's statements.