These sorts of Safeguards will reduce the amount of your fear in getting started flipping houses.

They also said that PEX plumbing "reduces their coverage options" and that many companies in Florida won't underwite insurance on houses with PEX.Has anyone else come across this?

I have a pretty good rate already, 3.875% on FHA, but I'm trying to see if streamline refinancing with reduce by the minimum 5%...hoping there will be between even lower interest rates, newly reduced mortgage insurance, and a 68% refund of previous UFMIP.

I would also say that there are some ways to reduce/eliminate some variability in your expenses.

All with the goal of reducing redundancies. 

The total reserves needed for the example above would be $10,500.The rental income will be reduced to 75% to account for vacancy and repairs for all investment property regardless of how long they have been fully occupied.  

They are willing to lend up to either 70% of the before rehab value, or 70% of the after rehab value - so I am the one that will buy the home, all repairs, etc - and pull my cash out upon finishing and getting the appraisor to justify the new value ( this was part of my risk reducing strategy for them). 

If there is hardwoods available, we will refinish those in most cases, but I own the sanders so it drastically reduces the cost.

Ended up in litigation with the city to get the taxes reduced. 

If not, then I might just go to the next best buyer instead of reducing the price $20k.