If not FHA, you could use it for your next purchase and the owner occupancy requirement is 1 year, not 2 as you mentioned.

He was considering my house a remodel even though I stated everything in the home is original and that I was only repairing damage from the foundation and making some minor updatesHe required that I get an electrical permit for 5 new lights I had an electrician run for me.

I would say you are off to a good start just by showing interest and enthusiasm for the investment business.o Age: many private lenders require someone to be 21+ years of age.

Hi All,Section 8 (and other entities) understandably require a W9.

Also, some banks I've talked to require 30% of the balance to be held in their account.

It required MAJOR renovating which cost quite a lot of money.

There are some things that can cause issues with your upfront approval or end up causing a denial in or during underwriting that an unexperienced loan officer will not know or catch.One big thing to keep in mind is when you are buying more REI the guide lines require more assets and PITI reserves and a HELOC can "Never" act as an asset or PITI reserves.

Anyone used these folks before??

I require my tenants to provide a 30-day notice regardless if they are terminating during or after the initial lease term.  

Do your homework – ask folks, read reviews, and compare.