I mean, work with them as a mentor and student during the summer. take your test, then by the fall you will be selling houses.

In an emergency we have credit to fall back on, in addition to almost all of our property income.I keep separate accounts, since they are big enough to be free.

I didn't mention the other comps both closed in May, so they are a very recent reflection of the value.Mainly I am unsure where my offer should fall.

Its hard for me to fathom $20-30K houses that aren't about to fall down and/or aren't located in the hood.

I suppose it's due to the higher risk of default, more due diligence necessary, and foreclosure litigation falling entirely on the shoulders of the HELOC lender.

Don't listen to the naysayers, don't fall prey to analysis/paralysis, find REI clubs/mentors/websites like BP and take action now!!

At 5% down the annual premium goes from 1.35% down to 1.30% not much only 5 basis points but its decent.Only other way to reduce annual MI premium is by using 15 year loans which have a much lower annual premium when you put more money down but it won't be too great for cash flow since the payment is much higher.If you put 10% or more down your MI will fall off when your loan reaches 78% LTV based on the value inside FHA's system called FHA connection (not market value unlike conventional).Most people dont put down 10% anyway maybe 1 out 40 people who uses FHA puts more than the min 3.5% down in my experience.

Which school district did it fall in? 

I'm from Minneapolis and I recently purchased a duplex in South minneapolis in the Longfellow neighbor which is conveniently located by the light rail and near the historic Minnehaha Falls desirable area.

I don't have any properties here that fall into that category.