There is MI for life but only if you think of it for life because you can always refinance or payoff the loan with other means after you create, increase, or modify the property/asset value from your own repairs/sweat equity.Is it risky?

That's a nice little annuity from a $50,000 downpayment and some sweat equity.Now, say one of your tenants wants to buy your house.

10 Years of SFH investment blood, sweat and tears, were the eventual foundation and financial strength, to allow a move into buying a foreclosed 11 acre developable commercial site.

This is going with the assumption that not all repairs can be done by the buyer using sweat equity.

If the figures work out then maybe see if there's any way to bump up the value with 'sweat equity' that'll be you escape plan if things go south.

I do not have time (sweat equity) or complete cash purchasing power.

One every 2 years, which gives you the option to sell tax free (at least up to $250k in gains) after renting it out for 3 years or less, in nicer hoods with sweat equity and market appreciation potential (but maybe not as great cash flow, as long as it is positive), is a good pace and strategy in my opinion for a young hacker.

to where I am mostly financially independent - not being a wage slave and sweating going to work every day and praying I'm not going to get laid off.

Overall, Boise is facing an inventory shortage and you could possibly also be in a position to put a little sweat equity into it and sell in Summer if needed. 

If the answer is "yes" I wouldn't sweat it.