They provide us with Word docs due to the fact that we always need to modify them in multiple area because of the way I structure my zero down deals.

Did we learn anything, yes but alot of half-truths too.Came home and created a Nevada S-Corp and put an LLC under it, assuming we would go national.Property bought was in Calif, so more expense to Foreign File both entities.Started looking into creating my own Property Mgmt (PM) business to control out-of-state holdings.Then I learned:PM requires a broker's license or to be under his control almost everywhereThat stopped National expansionwhich then made the S-Corp and LLC unnecessary (to me; I accepted personal risk)Did get good liability insurance and suggest an extra Umbrella policy if you're going to buy&hold (aka become a landlord).

If you can leverage up then 20 to 50 million is a nice business you will make about 1 to 2 million a year if you won the company.it sounds like you have zero experience so HML is probably far to risky .what I would do if I was you if you have a million or two .. use an established HML to place loans for you in their network and shadow it learn what they know and how they vette then after a few years go on your own.HML at the 100 to 200k range as an example is a waste of time not enough money in it at least for a business to eat off of.

A Realtor that makes a recommendation then walks away can blame the performance of the property on someone else and therefore have ZERO accountability for the property.  

While I've found many references to looking for 'x' number of years of rental history in other posts, I can't find anything that directly answers this nuanced question:We have a couple that meets our income, criminal (lack thereof), number of occupants, pet policy, etc.  

I agree that you need to have your insurance handle it and send a letter to the board and notify the master insurance policy for the property.

I would think your stepdad could get on with a normal hazard insurer and out of the Nationstar mortgage policy.  

Had zero trouble getting it filled the first time.

I've been looking to get my feet wet but havent because I have ZERO experience.  

PMI was created so that lenders could offer higher LTVs (which means lower down payments) while still keeping their risk in the deal at tolerable levels.