I own a duplex in Fort Pierce Florida.  I have a new Section 8 tenant in one of my units and she recently contacted me to inform me that there is a crack in the tub that is leaking water onto the bathroom floor.  I im...

I believe FNMA guidelines disqualify the #1 and #2 just seems hard to come by with the number financed properties I have and in this state.I can cold call banks but I figured I'd try here first.

I know betting on appreciation is a gamble but it is a bet I am willing to take.

I have considered them before as I like Vegas but I think you have to go there a lot to get your money's worth and most people that go there a lot are gambling and thus getting comped rooms anyway so they don't need to pay for a room.  

You can let them out any day they want if they leave early great the only thing they get back earlier is the security deposit you process from date they leave as per state guidelines. 

You will need to have a big down payment for any bank to really consider you. 15% for FHA multifamily is the guidelines I've been told.

Those are very good and thorough guidelines that you provided!

Some of my clients lack the patience to find a good deal and would rather gamble in single stocks than something they have more control over.

The major difference is that while there are some expanded guidelines for owner occupants to purchase a home with a lower score or recent credit events (such as short sale, BK), and even a higher DTI, they come with a higher interest rate and therefore a higher payment AND YOU STILL HAVE TO SHOW THE ABILITY TO REPAY.  

Thanks for the info, I did mention 27 years as areal estate agent, not 27 years old,I will follow your guidelines, as its always easy to veer off course,Oh, I already updated my letters, but will further fine tune.