Main Employers and their financial statements for the prior 5 yrs (if you are in a smaller markets dependent on 1 or 2 employers).

This means, you couldn't apply for another FHA mortgage while you still had the existing mortgage on your first home.Second, FHA loans in 2011 required MIP for 5 yrs (it's referred to as Mortgage Insurance Premium for FHA loans, and conventional loans use PMI, Private Mortgage Insurance). 

W/D in units.Inspection report looks pretty good: nothing major, 4 furnaces from the 80's, 2 others are new, water heaters need replacing soon, EPDM roof 10 yrs old good condition, some windows newer vinyl others original need replacing, foundation and bones pretty good. 

Yeah, really hoping for him to use an LOC/HELOCs on the properties to then go and purchase a larger property.On the larger property bought he could potentially (after the 5-10 yrs of interest only) refinance the property and pay off the LOCs of the other properties?

when I was 25 yrs old, just out of the US Marines, my boss who bought and sold 3 properties a week said:"If you believe you CAN succeed or you believe you will FAIL, You Are Right!"

20 yrs on an FHA loan should be cheap money and refi costs to get a 15 yr mortgage vs the 20 yr you have aren't making sense to me.Thanks.

I'm 30yrs old and have been an electrician for 13 yrs, I currently live a high liability no asset( except house) life style.

We have a $30K HELOC available via our primary residence, potentially for a $20K-ish down payment if necessary, but we're really hoping the bank will let us do 100% financing so we can avoid that extra $400-ish/month payment.If we can get 100% financing, the $115K mortgage payment would be around $850 (6.375% for 20 yrs.).If we need the $20K from the HELOC, we're looking at about $400/mo. for that, and around $680/mo. for the remaining $95K.

3 properties in 3 yrs?

Hold Time and tax implications (most syndications seem 5 yrs vs Funds in the 7-10 year range)3.