I had looked into it in the past and there was a time period that needed to pass as well as an equity position beyond 20% that the mortgage company wanted me to have reached (I believe it was 25%) for PMI to drop.

If my card is stolen/fraudulent charges, then I don't have any capital (only that credit amount) tied up during the dispute period. 

Your exchange period is the shorter of 180 days or the date of your next tax filing after closing the sale. 

I have another one- when you put a property’s under contract how long you do the inspection period and how long you let yourself to prepare to closing ?

But I recommend joining an apartment association and having access to their forms/leases/documents/educational tools. 

@Homero RamirezIf you are already approved for an FHA loan, one of the easiest options would probably be to find a duplex and house hack while you continue your real estate investment education.

My goal is to get my CPA once I meet the education requirements by going through a Master of Accountancy or MBA program.

BRRRR is common in commercial and your existing lender will need more of an appetite for a refinance if they know that they are going to loose the loan.Fannie, Freddie, and some local/regional banks actually have a supplemental loan feature that facilitates a BRRRR...the original loan stays in place and you get a supplemental loan when the property has been re-positioned, rents raised, and stabilized.There are also construction/perm loans where rehab is financed during the IO construction period and then the loan starts amortizing later. 

I am a high school special education teacher in San Marcos, California. 

A little info: Asking price- $41,900Our first offer- $24,000(house needs $15,000 in repairs, all cosmetic, nothing structural) we cover closing cost, 10 day option period/ $100, title policy and survey at sellers expense.