In Philly, you need to apply for  a business/commercial license and a rental license.

You can apply this money as your down payment, and your own funds can count as reserves.Make sure you are working with an experienced loan officer who can help navigate this with you for a smooth loan process and no surprises.

PMI protects the lender ... the loan and if you default, the lender gets the benefits.Previously, once your LTV was less that 80%, it was possible to apply to have pmi removed, but many loans today run forever and the only way out is to refi (and they get you for fees again).

You should seek out a business attorney located in your state to discuss the licensing requirements of your state, as well as how the definitions may apply to your particular business.

It only applies to 3- and 4-unit properties (not SFRs or duplex) bought using FHA financing.

I will cover each of the above criteria below as they apply to Las Vegas.The Problem with ROIROI and similar measurements only show how a property is likely to perform today but real estate investing is a long term proposition.

Hi Ray, im not sure if I should apply for a loan yet because I don't have any down payment cash.  

It only applies to 3- and 4-unit properties (not SFRs or duplex) bought using FHA financing.

The only part that doesn't apply to the Phoenix area is a C property would cost more than $100,000, unless it was a condominium.

How this would apply to you is you would know what the landlord intended to charge you for.I guess this is not nation-wide, but the standard in CA is paint should last 3 years.