I know this to be true because the tenant that died told me he had it when he called me.

Never more true than REI.IMO, any buyer that runs headlong into closing without Termite & Building inspections deserves whatever they get. 

Wages are risingRates eventually going to riseEmployment is upInflation likelyNow I don't know how true the above bullet points are but those are the most common topics I see coming up these days.  

Is that true and is that necessary at this point.

My lease has been a huge key to my success managing our houses all over the country.https://www.biggerpockets.com/renewsblog/2015/10/1...And now the true question.  

If it is a true deal the numbers should work with the 20 year though and you can still cash flow.

sure the FHA scam thing or whatever you call it that makes everyone get all worked up sounds too good to be true but that's exactly what my original question was asking...what are the penalties  and what are other strategies ?

Does anyone know if this is true?

This has changed, and now I'm looking forward to what I believe has been my true calling all along! 

@Simon Shih Sure thing Simon, there is a gentleman named Ted Jones he was the leading econmist for Texas A & M Real Estate and is now Chief Economist at Stewart Title, he put on the presentation and I am sure you can google him and look him up to find that out what I just said was correc and that @sharon  Tzib was also in attendance along with a few hundred other people.I am curious if you think somethings I said and know to be true were not correct, meaning that there was a net increase of 23,000 jobs in Houston (Labor Department) , the fact that Houston has two international airports (Bush and Hobby), 2 major airlines have hubs here (united and southwest) and I know this since I am a pilot for one of them, the fact that we have the largest medical facility in the world...