I bet in a year you will want another one.

Get in a 4 unit if you can. 3 tenants paying that mortgage and you live in the 4th unit.Your breakeven occupancy will be better than a duplex or tri-plex and if one leaves 2 more will still be paying versus a duplex where you will have 50% vacancy and have to pay the mortgage all by yourself.

I'd bet money that none of them pursued equity skimming or rent skimming in the complaints.

You may well need a servicer too if it's not a commercial loan.I'm betting what the compliance guy wants to see is a way to reach out and touch the party(ies) involved in the collection of any debt, you're out of state.See your attorney........good luck :)

Your best bet would be to follow @Bryan L. advice and get yourself a RE license.

It's best to figure out how much time and money it will take to fix-up a home to it's fullest potential versus selling "as-is" and/or getting it to an acceptable standard from a buyer's point of view.

I have a pretty good understanding of what an investor wants versus normal home buyer.

@Billy Bob If you are getting title insurance, if the company is reputable I wouldn't see an issue using their title company. 3pts isn't that uncommon for a Hard Money loan, but for a PML it is up to negotiating...I bet if you do more deals with them you should be able to get this dropped over time.

AFTER getting a good education your best bet would be to wholesale to start, which is manageable in three months but will be really hard.

interesting scenario - I don't have answers but I bet @John Fedro might!