Once you’ve set up and marketed your rental, use the cash flow to scale your portfolio over time.

I just did one for like 28k, was a little short on a closing cash purchase. 

So the payments will be higher than a 30 year and you have to account for that. 

Once your property is cash flow positive then you have tenants buying your property for you.  

At the same time, dispute the late payments with the bureaus and provide the payment records showing the payments were made on time if asked.

My only concern would be whether or not, you’d be able to cash flow.

Additionally, FHA loans also have MI paid monthly in the mortgage payment, which is usually either 0.5% or 0.55% of the loan amount (annual basis).

How do you get paid, Is this an under the table kind of situation or is it something to add as part of your business cash flow.

I have a large lump sum saved in an investment account for down-payment and any additional costs.

Quote from @Brad Roche: The other thing that is great for the FHA 203K loan (not sure about the Homestyle loan) is that you can kick the payments out to 6 months of ownership (so close today and make your first payment July 12th 2025) if you are fixing up the home.