I've done quite a bit of reading and research, and though I will continue to do so, I DO feel that at this point the only thing that is going to actually further my knowledge or get me going is real life, hands on experience...So I'm ready to bypass any more "feet wetting" and simply dive in!!

But if you're trying to eliminate PMI on a current loan by simply getting a new appraisal and illustrating (via principal pay-down and appreciation) that the equity position has increased, you would need to show 35% equity (65LTV) via that new appraisal. 

I realize this is worlds apart from what I am talking about in this post, simply letting you know I have a bit of R.E experience. 

My goal over time is simply to create a modest portfolio (maybe 5-10 properties) that helps me on my way to financial freedom; I have no aspirations to become a professional landlord or big-time real estate investor. 

Simply put, if your decision to not rent is based on their credit, you need to provide an adverse action letter.

I realize this is worlds apart from what I am talking about in this post, simply letting you know I have a bit of R.E experience.

Do I wait to try to learn more aboIt multifamily deals and simply save for that, as it is less risky due to vacancy risk compared to SF?

Part of the problem with trying to complete a short sale in MA is the lack of transparency regarding foreclosures.

To put it simply, Gallinelli may be a good investor himself, but does not know how to communicate the, at times, terse subject of cash flow, for example.

This has me wondering, would it not be better to forfeiting the 3.5% FHA loan (should be eldigble for a 3.5% FHA loan around this time next year in terms of 2 years in same industry), and simply begin purchasing cash flow turnkey properties from reputable companies like those owned by Chris Clothier?