We made an exception, because he said that he was coming into town for a funeral. 

My concern with FL real estate is that if something doesn't change soon, most property will be uninsurable except through excess lines and there is very limited accountability/oversight as to whether or not these over seas insurance agencies even have the funds for payouts. 

Liquidity is needed to close the loan and having lots of additional liquidity may help you to get an exception, but it will not make up for experience or a low FICO entirely. 

I would change the above language about doing your best to keep personal and LLC transactions separate to ABSOLUTELY do that with no exceptions or your LLC is a waste.

All cleaners must go on checkout day and I allow limited exceptions in peak season and weather / emergencies etc. 

Using your cash, there's no limitations here except what you have 120k. 

You don't tear off the old roof except to get at the sheeting where necessary.

People are confusing the exceptions for having 2 FHA loans at once with the FHA rule for counting rental income.

If you want to be an LP on 2-3 deals lets say to get you started, typically GPs are asking for $50,000-$100,000 cash that will be tied up for 3-5-7 years on each deal...of course there are exceptions where maybe you can put in $5000-$25,000, but those are more rare, and you're probably not going to become a millionaire with $5000 investment.My thought is before you commit a big chunk of money is go to one of the 2-3 day seminars probably for $300-$1200 or so and network like crazy.....go armed with a list of questions to ask people. 

.- Judges often throw these out:(5) Eviction Notice for Nonpayment of Rent: sent ASAP- In Michigan, it's a 7-Day Notice- Our staff bulk sends on the 6th of each month, no exceptions- Even our best tenants get them and we just tell them it's automated and they can ignore if they payRecommend you have a detailed Eviction Procedure and follow it!