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.

as low as 5% down on 2-4 unit, lower mortgage insurance premium and no upfront insurance payment at closing, and it's a conventional loan so stronger offer and less red tape than the FHA. 

After you graduate you can refinance into a conventional loan, rent all four rooms, or sell it.

I did a 10% down conventional loan for my duplex.

For the actual payed background and credit, I use mysmartmove which charges the tenant directly.

Soooo, I asked my lender about doing a conventional loan, which I can do, but it starts the whole process over and the seller is getting anxious to be rid of the property.

if it is below $1000, then $100 is too much, if above a $1000 then i say offer it because it would be a good deal, most PM charge 10% of gross rents, but they will collect rent, pay bills, handle evictions and handle contractors if needed, so you will get more, are the tenants willing to do that, or would you still be doing that?