If you can prove through 2nd appraisal that your renovations have improved the house such that your LTV is less than 75% you can get PMI removed.

I've seen numbers in the 14% to 16% range.As far as improvements, I'd concentrate on whatever it takes to get the home to the point that it survives an FHA/VA/USDA appraisal. 

Hi Shelby,I think we can improve our occupancy maybe a little but due to Hutchinson Island being an hour from the closet airport it makes it hard to stay consistently booked. 

In the Ultimate Beginner’s Guide, they talk about the 50% rule.

The improvements to bike lanes and trails have been nice. 

Being that we both have individual assets to protect, an LLC would seem like a no-brainer, except for the fact that setting up an LLC would rule out conventional loan sources. 

be organized.Example:3 months goalEnroll in real estate class-network and meet at least 3 real estate related professionalsSave XXX dollars toward first purchaseWork on marketing strategy, and overall strategy (define markets, focus will be SFR, buy and hold with 150.00 cash flow etc) 6 month goal--pass real estate exam--Save xxx--Improve credit score from 675 to 745make these goals quantifiable and specific, in other words you can cross them off when you get them done.The plan won't be perfect buy it's a plan and you show you are executing on it. 

Even if the rent covers the carrying costs he could still get crushed taking into account vacancy and future capital improvements/special assessments.

If you ever mention the 70% rule I will hunt you down and disown you!

Multifamily properties are more abundant in West Philadelphia, but that's not to say you should rule out other neighborhoods (West Kensington, Brewerytown, Temple U vicinity).