Do the requirements vary by lender, and if so, is the difference significant enough that I should factor that in when shopping for a mortgage?

I have seen it done with 12-24 months worth of commission history, If there are positive contributing factors like large reserves, and good credit scores.  

Hi @Christopher Grobbel.You are correct that monthly Mortgage Insurance would be an important factor to consider on an FHA loan.

It depends on a whole host of factors, but you can be assured that if the person sizes you up as someone who doesn’t know anything, you will be taken to the cleaners.

Even then, that doesn't account for upgrades and condition.In my experience it's a non-linear factor, meaning that smaller homes tend to have a higher $/sf than larger homes, all else being equal.I use a spreadsheet to run comps. 

Hi everyone 👋🏻
I have been working on my personal finances lately, and I have consolidated some credit card debt within the past couple months. I still have two credit cards pending that’s scheduled to be paid off at...

And if you use a down payment instead of buying for cash, the CoC number goes even lower since you have to factor that in to the equation. 

Don’t forget to factor in additional thousands to furnish the entire house, and buy a couple sets of linens for each bed, kitchen ware, and at least starter amounts of soap, toilet paper, paper towels, etc for each guest.

Plus, factor in that the $200k needs to be made for 2 years prior to them being accredited by way of their income. 

What also factors into the equation is if you have a prepayment penalty on your HML - that could throw the math off making it more worth while to hold onto the HML for a certain period of time.