I’ve found that as long as they’re somewhat insulated and well installed the color won’t matter.

@Jason ScottI would also take the higher rate and put less cash at closing as the delta as mention is $50/mo which means as long as you refi in next 4 years then taking the credit was the better choice.This is assuming the $50/mo does not have a significant impact on you and your finances.

But he does not have a choice to stay and not renew (as long as you enforce that).  

Yes you are giving up a rate that you probably aren't going to see again anytime soon, but as long as you aren't locked into an extensive penalty period you can always refi again if rates plummet to the point that it makes sense to do so. 

@Connor ChanterI'm not a CPA but based on your post as long as your mom is the owner of the house in Michigan she should qualify for the $500k capital gains exemption.

The biggest thing I would tell you is that as long as you build a strong CORE 4 you can invest anywhere.

@Sara Kumar most states require a tenant to return the property in the same condition as it was when they got it.As such, a tenant can usually repair damages they caused - as long as they pull all proper permits, work is done in a professional-like manner and they indemnify the property owner & manager from any and all potential claims.

A good rule - as long as the plumbing and electric has been updated, a well-built home from the mid-20th century is a better investment and will likely outlast a newer build.Credit to the respective author

We would like our home year three to be FHA as well.Hey Leah, when it comes time to refinance you can as long as you qualify for a conventional loan with a credit score of 620 or higher and have 5% – 25% equity in the home.

We have a dozen or so properties there, that are without water indefinitely, perhaps as long as month.Of course, that's small change compared to the utter destruction and loss of life.