Is it lower underwriting standards?

Are you willing to pay - out of your own pocket - to have the OP bring access up to standards?

What is the standard way this is handled in the industry?

Hey everyone,I have recently been approved for a FHA 203k standard loan of 650k.

In order to be eligible for this tax credit, your properties must incorporate features that are energy-efficient and the property should be more energy efficient than the national energy standards.

I’m thinking a large active military and/or veteran population makes it a bit of a different animal than your standard city. 

We certainly might be able to make more money by self managing, but we have been traveling full time (much of it internationally) for the past 10years and living out our dream lifestyles while our PM takes care of our portfolio back home. 

I thought it was pretty standard not to sublet.

PMs are great if you're running a larger (5+ doors) portfolio, in a similar area, and have "lived" self-management long enough that you know you're no good at creating standard operating procedures or farming out the work directly.

Based on my projections, I knew that if we put the standard 20% down, we'd have a good chunk of equity built up right off the start, and we'd also have enough, or close to enough, rental income from the other unit to cover our mortgage.