How does using an FHA play into that?

No fuss, and no issues.Furnaces are plug and play.

The play emphasizes equity a little more than cash flow.I live in Mequon and we invest in the suburbs; so obviously I believe in the advanatages, but with higher price points, a noticable smaller tenant pool and therefore more time to fill compared to Milwaukee, it comes with its disadvantages as well.

Now the real question after saying that is "when is the down turn"All down turns where right after a false flourishing economy (aka the correction), always when governments play God to manipulate the natural economy, always always it will get things jacked up.

. :)Probably better off with a cabin in Litchfield County or Mass. 

I've figured out you have to play the game in this market.

Interested to see how your deal plays out, keep posting!

We have a portfolio that we self manage, some that we hand over to property managers and we are doing some debt plays. 

It may be the most common professional background I meet (among non-pure play real estate folks).

I'd suspect that Cozy's primary drivers of revenue are - minimal interest made during that hold time, people paying for faster transfers, the tenant insurance they offer, and the tenant screening services they offer.And then there is that eventually switch-flip that surely is going to happen when they hit a critical mass.