Maybe they had a falling out with their own partnership and cant agree on what to do. 

Once your scenario reaches a certain threshold of complicated, FHA kind of falls off the table. 

But we don't want to fall well below market rent.  

Hello everyone,I am looking for a wholeseller to find a single family home in Menomonee Falls, Germantown, Butler, Waukesha County, Lannon, Or Wauwatosa.

Deals that fall into your hands are the best!  

I did once see a deal fall apart for want of an oven, with both sides being stubborn, and it blows my mind to this day. 

All of those were required to make this possible.Lessons learned: Windows are expensive.Never fall for contractor sob stories.

So you would need to refinance into a conforming mortgage for sure.Once you do, if you have 20% equity at the time of appraisal and refinance, then you are good and PMI should fall off.

The porch is falling apart, needs to be replaced, other fixes like the sidings on the house. 

I don't want leverage on my home so I can take larger risks outside of my home with clear conscience that if it all folds, I have something to fall back upon.