The contract is 13 pages long and more complicated than a purchase and sale agreement, the attorney told me I need the contract so im backed by "title insurance" which is making me question the process of wholesaling.  

If you move there, get owners home insurance, utilities in your name, not a landlord policy, move all your billing, medical, voting, car registration, etc etc there you should be able to prove you live there 6 months.

MyLTSA - Pull title on a specific property to see who the registered owners are.

Rents have not kept pace with prices, interest rates, property taxes, and insurance hikes in most growing markets.

The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.

What you need to do to protect yourself is carry adequate insurance and fully disclose to your insurance company everything that you're doing to generate money at the property. 

MI is the mortgage insurance lenders require.PMI is set by lenders on a lot of different loan programs. 

Being our first property I'm just trying to make sure we don't overlook anything like insurance, utilities, etc.

Also, the representative did not know what it meant to be FDIC insured.

Otherwise, FHA allows college graduates to apply immediately upon employment, though there are some more fees associated with FHA and the mortgage insurance is for life.