On Page 251: General Borrower Eligibility RequirementsFannie Mae purchases or securitizes mortgages made to borrowers who are natural persons that have reached the age at which the mortgage note can be enforced in the jurisdiction where the property is located.

Investment properties tend to not have MI because in their nature, they require more of a down payment to get the loan.

And, naturally, I am always available to answer questions here :)

I especially love that the housing stock in Milwaukee and the area is from the 50s when everything was natural hardwoods.

.- If the tenants pay for heat, it still can be an issue if other propertiesin the area have natural gas.

You are definitely in the right place :) Jump in, start asking questions, send colleague requests, start threads, and perhaps most importantly - read through The Ultimate Beginner's Guide to Real Estate Investing a few times until it's 2nd nature!

The loan, based on interest and LTV, is HML/PML in nature.

I guess it's not easy to find someone with rehab experience in both areas since most people naturally focus on one area.I was asking because Houston seems to have more distressed properties which may affect the sales prices - leading to lower margins.

You also want to talk to the town planner to see if they have any special overlay districts, or community (economic) development plans, targeting specific areas for growth or revitalization.

My business partner and I have an REI company called REvitalize Property Solutions LLC.