1) If the Authorized Agent and the Principal both have Lender Insurance authority, the authorized agent may review and submit the loan for insurance endorsement on behalf of the Principal. 2) If the Principal has Lender Insurance authority and the Authorized Agent does not have this authority, the Principal will be required to review and insure their own loans using this authority. 3) If the Authorized Agent has Lender Insurance Authority and the Principal does not have this authority, the Authorized Agent will be required to submit a paper case binder to the applicable HOC for review and insurance endorsement.Handbook 4155.2: 8.B.4.b,8.C.3.aFor more information on the Lender Insurance program go to the LI website at: http://www.hud.gov/offices/hsg/sfh/lender/lendins.cfmAnd the Lender Insurance Final Rule (effective 02/24/2012) http://www.gpo.gov/fdsys/pkg/FR-2012-01-25/pdf/2012-1508.pdfFAQ: How does FHA define principal residence?

Define what you want to invest in first.

That being said, I be curious to see exactly what BofA requires to you sign and how they define benefit.

You will then be better able to ask specific questions which are not quite so broad....

If your friend is borrowing money, you need to define the interest rate.

I know this would require a broad generalization on your part, but a general rundown would certainly point me in the right direction.

Matty M SoCal is definately welcome.

And you mentioned he worked in "finance", that's a pretty broad area, but in many jobs in this field, if you write a bad check you're likely to get fired!

Your statements are too broad to be able to give you much direction.Your women's investment group should be helpful.

Hi George,The areas you are talking are mostly driven by appreciation and speculation that values will keep rising.That is a very low cap of 3.5%.I do work with many investors from California,New York etc. wanting to get a higher return than what they can get locally.I have owned businesses before so it is critical when buying a business that you have a proven business model in place with management so that you do not have to be there every single day.If you set up a business as an absentee owner with moderate supervision then you can count that as an investment and not a job.I don't know that you put 800,000 into your dream home.Having the money work for you instead of dead equity especially being able to lock in low interest rates today I would invest as much as I could.Get a loan for that house and put minimum down possible to preserve cash.The Ocean house is nice and I am sure it will appreciate over time but will be dead equity until you refi out or sell.Even on refi they will not let you go to 100% so any appreciation likely you will not be able to refinance because of LTV ratios in the near term.I don't know that you want to be a real estate agent in the typical sense.You would have to define residential versus commercial etc.I would put most of your money to work as I don't think your cap is going to get any lower for resale plus you can invest in markets without rent control where you reap more benefits.