For a 30 year mortgage, that's another $30,600 just from mortgage insurance.I don't know enough about the tax breaks, but I'm now under the impression that I could write this MIP off on taxes as a business expense?

@Abner Gomez You could consider it a deal but an experienced investor may not be impressed.

But, with that said, I've never owned property Uptown so that's just more my impression and not based on experience. 

You've got one shot to make an impression with a broker (a source that has 90% of the deal flow) make the most of it!  

My first impressions are that it will be worth it, but don’t have that money, so I would be charging it and paying it off over time (hopefully soon after I close my first deal).

Pretty impressive that you manage these yourself.

What really impresses me are people who manage to do this from out of state. 

They have several guides and webinars about it - https://thunfinancial.com/Also, I was under the impression that if I passed, my wife would not be able to assume the mortgages on my SFHs.

I was under the impression, after reading many, many, posts here on BP that I could buy a property with an FHA loan, fix it up, refinance into a conventional loan...and then buy another property with an FHA and do it again and again....your classic BRRR scenario.But my mortgage broker told me today that the FHA program was developed in order to get home owners into homes...not to help investors make money.

Long story short, he literally spends a couple hours a month tracking rent payments and expenses.You're apparently under the impression I make it a habit of creating fantastic stories to garner a few more votes.