When you get back 9 time in 10 the response is no.Inspect your properties regularly (quarterly) and immediately issue letters to correct problems or hire a contractor to repair tenant caused damage.

If there is a claim of say $30K due to a fire, they will only pay you out $15K (50% of value you were insured for).  

If the first applicant is a member of a protected class, they can claim you discriminated against them based on their protected class, not their credit report or income or Landlord reference.

Rented one for $625 to a regular tenant renting the other one for $550 to a person that will use it as an airbnb (I'll keep everyon posted on this)We did some fixes to the 2 non-remodeled not as heavy as the others (painted walls, fixed things that were not working) rented one at $695 all bills included and have a potential lead at the same price.

Also I’m guessing the PMI would be higher and it will also be harder to refinance after 1 year or more to get a regular 30 year fixed to stop paying the PMIAnyone has any experience with this kind of loan?

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

Ideally a regular loan refi rate will be much lower and amortized over perhaps 15 or 30 years to ease cash flow.I advocate a different approach since I have seen investors be successful with it.

He kept the deposit but lost the other income from the other months.I suspect there is a way to make a claim against the estate in both these cases but i don't really know.  

@John Paul Whaley Yes, investment property loans carry a higher interest rate than a primary residence.No you can't claim it's a primary, live there for a couple months, and then rent it out.

Then it has an owner statement that the rights given to the owner by the agreement are cumulative in addition to VA laws current or future any statement or promise won't be binding unless if it is in writing.one other part is default stating any violation will give the right to evict the tenant and take possession of the residence(same process as VA law)they stated they will take legal action, did claim rights on this agreement are cumulative to the law however VA 225-55.01 does state you can opt out however and you have to expressively opt out of VRLTAIm not starting off the lease by stating to take legal action if rent is not paid and stating the rights of this agreement are cumulative in addition to the law. it is contradicting by saying any breach or violation of the contract in the default section will give her the right to terminate the contract evict and regain possession(does not specify any time frame) To me this is not clearly expressively opting out of VRLTA because she still has those rights under that act by following the VRLTA process.