Can your insurance jack up the premium rate on you on the next renewal?

Both homes are in nice neighborhoods and so far I have 3 high quality single family homes that have always gotten premium rents so I'm continuing with that niche. 

Those that are looking for sfr for investments are in the mix with home owners that need a place to live putting a premium on those assets compared to multi tenant properties.

Actually wood frame structures are depreciated over 22 years on Japan taxes.

Up Front Mortgage Insurance Premium - For most of its mortgage insurance programs, FHA collects an: Upfront mortgage insurance premium (UFMIP), and Annual insurance premium which is collected in monthly installments Mortgage Insurance Premium - For 15 year and greater than 15 years. 1.75% of purchase price Annual Insurance Premium Greater than 15 years & greater than or = 95% LTV - 0.8%Greater than 15 years & less than 95% LTV - 0.85%Less than or = 15 years & Grester than 90% LTV - 0.7%Less than or = 15 years & less than 90% LTV - 0.45%High Balance Loan Amounts Less than or = to $625,000 & less than or = to 95% LTV - 0.8%Less than or = to $625,000 & greater than 95% LTV - 0.85%Greater than $625,000 & less than or = to 95% LTV - 0.1%Greater than $625,000 & greater than 95% LTV - 0.105%INCOME—RENTAL Rental income from a borrower’s primary single family residence (boarder income) is not acceptable for qualifying.Rental Income from the subject property may be considered effective income if the subject property is a 2-4 unit dwelling.

Your monthly premium will go up, but it will give you time to work on setting up a full time REI business.  

The actual cost will be determined by the policy premium YOUR insurer will charge for the hazard insurance policy that you will purchase prior to settlement.  

LCs usually come at a premium price.

I'm here in your neck of the woods, so maybe we'll be able to do some business or I can be of some assistance to get you past any hurdles you come across along the road.  

Or you put 10% down like you want to with the 80/10/10 and you'll get a lower MI premium with FHA.