I was hoping to get some clarification on the anti-flipping rule. 

Could you provide an additional clarification? 

@Richard Rohrbough- thanks for the  clarifications and feedback ...makes sense ....good luck

@amy weberThat would depend on a variety of factors, but I prefer better than 12% on performing notes mainly because I feel that I can attain that return fairly easily elsewhere not necessarily because that would be a fair return for this note.

Also, if anyone has any questions for clarification or other reasons, I'll be more than happy to answer!

As a quick correction, the PMI can be dropped at 78% LTV after 5 years, not 80% (20% paid down).The PMI counter is based on the origination date of the loan as well, this does not reset one the loan is assumed.Originally posted by @Joseph Zanazan: Beginning in June 2013 , the FHA moved away from its LTV-based system.Just as a quick clarification on this, the FHA hasn't moved away from an LTV based system post June 2013, they have just changed the length of PMI to permanent if you are putting down less than 10%, and if you are putting more than 10% you can have the PMI removed after 11 years.  

First, one quick clarification-- in the context you are talking about turnkeys, the owning one part, turnkeys are literally no different than regular rental properties.

@Aaron Montague, thanks for the clarification and for another strategy.

A RE license, on the other hand, would be relatively easily attainable in a short period of time.Thoughts?

@Russell BrazilThanks for the clarification regarding the fee.