Preferably no more than 30 minutes from a good size city or town.

The host, Justin Kivel, breaks down the terms and underwriting in a way that is easy to digest and in bite size videos.

Family details is important so they know what bedroom sizes will work and won't.

But you'd always want to talk to the city right away (or county) and find out the development standards for the zoning that the lot is in (what are the setbacks, height limit, min lot size, etc).

The smaller the loan size, the more you should consider paying a few points at closing so you are not looking to do another refi any time soon.

As mentioned it can be difficult to get another FHA loan if you have one currently unless you have a job transfer, family size increase, etc.

The storm water collection is based on the size of the parcel  with some relief given if there’s storm water management systems on site (usually only applicable for larger sites where developments were required to implement such systems).

If you’re just starting out that limits you in the size of investment.  

So I've heard this can run you a lot - around $30,000 for the average sized home of $400,000 in the area I'm looking at.

One issue is the challenge of qualifying, as conventional loans will have DTI requirements, income requirements, loan size limits, and loan amount limits that investors looking to scale a portfolio run into as soon as the financial freedom snowball starts rolling.