Leases typically last 6-12 months or longer, minimizing vacancy periods.Best Fit For: Investors seeking a “set it and forget it” approach.

Some lenders will not accept appraisals that were ordered by another lender or are beyond xx months old.

We have renters there now and they cover the mortgage with a bit of cash flow ($100/month), but the property is going to need some more major updates (windows, roof, HVAC, siding) within the next 5 years as they are starting to be at the end of their useful lives.We would like to pay off our primary residence as quickly as possible to “free us” from mortgage payments on our primary residence.My questions are below:1.

That being said, every FHA loan has UFMIP which is 1.75% of the loan amount, as well as monthly mortgage insurance pmts that are about 0.5% of the loan amount annually.

Is your strategy more monthly income focused or appreciation?

I spoke with a mortgage "quality auditor" recently who said he knocked on 600 doors last month.

Find me a simple cosmetic rehab that will take about 3 months and I'm happy!

@Zach Harshhttps://www.biggerpockets.com/topics/944166This thread from 3 months ago make him seem like a great guy?

Most work with us, some do not.Be careful also as they may tell you to keep their security deposit as last month's rent.

-PITI minus (rents x number of bedrooms) = your debt obligationIf what you owe at the end of the day is less than what you would spend on housing per month, that's a win!