FHA will not insure a Mortgage if it is determined that the transaction was designed to use FHA mortgage insurance as a vehicle for obtaining Investment Properties, even if the Property to be insured will be the only one owned using FHA mortgage insurance.”What are the exceptions for the “single property” rule?

Picking it up and buying a house for 50% of what the person on the other end paid for it just 5 years ago, that takes skill.

As others have said, this provision is even broader because it also makes the Owner responsible for injuries to the PM's employees.You should have an experienced attorney review in conjunction with your insurance policy to determine the real scope of additional risk you are taking, and what portion, if any, might be uninsured.

Second, determine the IRR as this would be a better indication of return given a specific holding time.

OP has an attorney and rather than picking up the phone he posts the scenario in an internet forum... huh?

When the market crashed, we relocated to so Cal, knowing it was always the first place to pick up and take off.

First determine what your goals are and what kind of portfolio suits you.

Tone and style are tough to pick up via email.

As a new investor, I️ just wanted to know some of the factors that made you pick a property.

That will determine what your offer will be.  70% is not a rule and it varies from 30 to 80 depending on heat.