FHA MI is very high and almost always I can get the conv. payment to be only 75% or lower what an FHA payment would be. 

Inversely,  does a high level of confidence mean that a property is  a good rental property to buy? 

Others would likely argue legislation is the biggest long-term threat to a successful well-positioned/lower LTV portfolio, but personally I'm more focused on the impact of 3-D printing. 

Never send money in advance for their fee's  NEVER. thats a huge red flag that they are just out for fees and are fake lenders.2. bad or not really good written english .. on the phone they sound like they are off shore ( which they are ).3. rates  lower than market most of the fake lenders will advertise 5% rate that does not exist.4. insisting you pay for mortgage insurance  there is NO mortgage insurance on PML HML loans does not exist.While NMLS registered and state licensed is a good way to vet a lender keep in mind only 12 states require it.

Also, if you say no financial contingency, then what happens if after I get the property under contract and present it to my investors they start back-stepping,"In one breath you say you are fix and flipping but in another mention the phrase above which tells my you are a wholesaler of a contract and not a cash buyer.I don't know why people intermix the two.The difference matters to an asset manager.If you give them a quick close,no contingencies,cash in your bank account that you control valid within the last thirty generally you can get much lower offers accepted.Now it all depends on what type of property you are going after and they type of bank or government institution involved as to how much impact a certain strategy will have.

I would keep my eyes on it, and when the time comes, refinance to a lower rate and add some more cash to the deal to bring down the loan.Unfortunately for me, in my position I am not able to pay it all off.

What types of locations are lower cap rate properties generally found and why?

Pergo Outlast+ is the middle one of 3 quality levels and is specifically rated for bathrooms and kitchens and advertised as waterproof.

I plan on investing in the next two to three years when things level out with the businesses but for now, I dont have the time.I am just looking for some advice or maybe some different points of view before I make a major decision. 

They accepted a lower offer than listing price without any counter, paid closing costs, half the appraisal and we had the deal done within a month.