Such great ideas and support.

They don't need to follow the federal rules.

Though many in your inner circle outside of this community may think you are wasting time, energy and money on real estate because everybody knows somebody who has tried it and failed, this site holds a great support system that will help keep you focused and look at scenarios you may not see. 5.

I don't want to promote on here, as it's prohibited in the rules.

Any weird rules/regs regarding new construction of homes near the coast in Ventura CA?

Lovely girlfriend, supportive, thinks the world of me.

@Robert Leonard, There are a couple different strategies out there you may choose from to support the vacancy you may incur.

Is .5%-1% of the loan a good rule of thumb for estimating PMI?

(If you make it enough it will discourage them from having them)Iron clad lease to ensure rules are followed and rent is paid Automatic rental payment is required. 

I'm also hitting the 2% rule with $800 rent and feel I have room to raise it as I am on the lower end in the area.Since I bought my first condo with cash I was able to leverage that equity with a HELOC (5/3 Bank), they appraised my property at $58k and gave me $37,500 (65% LTV).