They are only paying $440/$445 for a grand total of $885.00.  

FHA loans in the past had a rule where you had to pay down your loan to 78% of what you bought it for ( not your loan amount relative to today's market value) or 5 years min monthly PMI whichever is longer.What probably has happened is the market in FL has taken off considerably so while you have 45% LTV based on your current market valuation your LTV based on your value in FHA's system probably hasn't reached 78% of the price you originally paid for the property otherwise your PMI would have ceased already (This assumes you still have the original loan from 2010 and you have not refinanced into a new FHA loan).Keep in mind if you've refinanced your original FHA purchase loan from when you bought it with another FHA loan (FHA refinance AKA FHA streamline refi) then you will not be grand fathered into your old FHA guidelines because the current guidelines require:- min 11 years or 78% LTV based on purchase price only if you put down 10% or more (which .001% of people who use FHA usually do)- otherwise FHA PMI is now for the life of the loan, until paid off completely, or refinance, or property is sold Since its been longer than 5 years (you bought in 2010) you should be able to pay it down to 78% of the purchase price to remove FHA's PMI automatically (or call them to inform them you paid it down to 78%).The scenario on whether if its worth it to pay down your first loan with the HELOC isnt a simple one if you want to get technical because:- PMI and whether its a write off is based on your tax bracket and if you make more than 110k in AGI or adjusted gross income you may not be able to write it off so this affects the decision as well- the rate on your first loan- the rate on your second loan- usually fee's on HELOC's are $0 because banks want your business, but there are HELOC's out there that cost a couple grand to open so be mindful of thisIf the net at the end of the day is positive it could be worth it or it may not be as well.Hope that helped.

After a quick two months, the rehab was completed and for a grand total of just under $41,000! 

I've seen Pittsburgh, Grand Rapids, and some smaller Texas markets on some investors radar as well.

You can’t move someone in their without spending a couple grand at least.

The top 3 (based on population/ commerce/industries) are New Providence, Grand Bahama, and Abaco.

There are many ways to work the system but if you do not know what you are doing in Ontario your tenants will own you.Even though I know the system it once took me 3 years to get rid of a bad tenant at a cost of nearly 4 grand in rent rebates.

I have even ran metal conduit on the outside of the walls to save damaging the walls, which was still a couple grand.

We saved a few hundred grand by doing this.

Meaning, on a $400K second or investment purchase you might have to pay a few grand of additional points to put 5-10% less than 20% down.