Found something, a foreclosure, and the bank providing the mortgage wanted to know where the down payment came from.

More info $575 will be my mortgage payment, Rent $900-950.

Is applying sort of like a condensed version of a mortgage process (tax, income verification, etc?)

Unfortunately, there will be mortgage defaults, abandoned homes, and high demand in general for housing, in the aftermath of Harvey.Is anyone thinking about the need of investors to fix and flip properties, to help meet the housing demand?

I will be cash flow positive above my $2250/month mortgage/ins/taxes.- My goal is to follow Scott Trench's ideas in Set for Life and hopefully rent a room for under $1200/month to save some extra cash and use it along with my current savings to buy and house hack a duplex/triplex/fourplex in 4-12 months in the Oakland/Emeryville area.- I consider myself very handy since I have renovated my entire house 99% by myself and pulled permits. 

The mortgage is paid by my grandmother pension, we don't know where the money from the refinance went, however i am working with a realtor who suggest putting my name on the property for another refinance.

You can have 10 conventional mortgages at a time.

At the 5 year mark I’ll owe roughly $73k and will have paid about $20k in interest, plus $14k of the principal.I have the ability to pay the loan off at any time with no penalties, which I intend to do.The loan documents, or more specifically, my promissory note (loan terms I negotiated) and mortgage (security device to give my lender first lien on the property.

If you don't keep insurance on the property if its mortgaged, the bank will get insurance for you and you won't have a choice in the matter.

Private Mortgage Insurance is simply an insurance company insuring a portion of the mortgage.