Whether married or not, each of you can get 10 conventional mortgages in your own names. 

I agree but if he pays the month and you get a tenant the next month you cant charge him in the state.

The text of the contract as it relates to obtaining financing reads: (b) This Contract is contingent upon Buyer obtaining approval of a conventional FHA VA or other ______________ (describe) loan within _______ (if left blank, then 30) days after Effective Date (“Loan Approval Period”) for (CHECK ONE): fixed, adjustable, fixed or adjustable rate in the Loan Amount (See Paragraph 2(c)), at an initial interest rate not to exceed _______ % (if left blank, then prevailing rate based upon Buyer’s creditworthiness), and for a term of _______(if left blank, then 30) years (“Financing”).

Do you charge for cost of breaking lease?

As for the PM fee, most PMs charge between 8-10% of gross rents, so 12% is a little crazy.

.- I swill still have some reserves for repairs; going FHA because they still allow minimum down on a duplex, where Conventional guides require 15% down.

Would love to get some feedback on this strategy I just did: Instead of waiting 30-45 days to secure a regular conventional loan to purchase my rental property, I decided to get an unsecured loan from the bank instead.

If you decide to keep the property you can refinance into a conventional loan and hopefully you have enough equity to eliminate the PMI/MIP.

see all these charges that they made in July like a ceiling fan, vertical blinds a new vanity and soffit.

@Jeff Duford --it's common for borrowers to use private loans to acquire / rehab / stabilize, and then refi with a conventional lender on buy/hols.