First off, they explained that they needed this because I was applying for a 2nd home and was only paying 10% down and that triggered PMI.

Anything in writing is extremely helpful, even if not part of an official document. 

I would rather invest in a fund or if I was buying fractionalized make sure I am in the first position on that fraction and make sure plenty of equity. 5% servicing fee can be pretty stiff as mentioned above others charge much less, just make sure you are using a licensed loan servicer.My only other comment on servicing is understand ALL the costs, some have very low monthly costs but nickel and dime you for EVERYTHING or have extremely high boarding fees.

I'm checking the 2022 budget for some of the condo apartments that I have and the differences are extremely crazy.

With an extremely low unemployment rate of 2.2%, this makes Omaha a very attractive market to invest in. 

I ran into a similar issue with a duplex brrrr in OKC last year, and the foundation company said it would only cost $2300 to make it right, so I pulled the trigger and bought it.

There isn't a lot of land within the city limits and so appreciation is extremely prevalent.

If it doesn't pass the appraisal than the FHA Amendatory Clause gets triggered.

With little experience in the note game and never even been to Arizona it was extremely easy to manage.

Because the market is extremely competitive and I'm not a cash buyer currently, this strategy wasn't going to work for me.