Also why did you even mention Michael Guzik faith when trying to get him to do you a favor?

No matter how trivial the repair was, I took care of it right away to show good faith, because I knew the tenant was testing my promise to them. 

The moral of the story is, you need to take the initial leap of faith.

Congrats Michael for taking the leap of faith that many investors fail to do.  

I mean, they did sign leases in good faith.  

1 to 1.5% fee upfront PMI6+ months reserves for HOA, Taxes etc.Monthly PMI - forward reserves on that to+lender fees underwriting fees ...and moreReward - High LTV - Weakened underwriting guidelinesThe catch...your paying all kinds of closing costs - and if you just put those funds towards the down payment instead of handing them to the Fair Housing Admin...to insure the high LYV - you could get a Fannie or Feddie deal with a reduced LTV...because the funds were put towards the balance.Just a thought - but FHA is around because people do need it and the LTV's are enticing.The lender is required to provide you with a good faith estimate - this will give you a good idea on the costs.I hope I answer both questions...The Agent Center

But the lender lent the money in good faith.

Thanks all, this gives me faith that my plans for investing will fit nicely should my new job op in Portland pan out.And quick thinking @Dawn Brenengen , I'll see if I can slap a bird on my new business card :D

Good faith deposits are more for owner occupied homes.  

That kind of good faith typically goes a long way.