There are cheapo AMCs out there, and the lender can pick the AMC, but if you go this route to save $75 or $125, please don't make a thread complaining when the appraiser does a half-arsed job and the property doesn't appraise - that's a "you got what you paid for" scenario.

There are 3% down conventional products as well, and Movement Mortgage currently has a 3% grant (never needs to be paid back, apparently) on a conventional product if you are below a certain income threshold, so may be worth contacting them.  

This is called the "Certificate of Fact of Existence" and you can obtain it online via VA's SCC eFile.You'll then take that certificate and register your VA LLC in MD and/or DC.

The last month's rent can be paid over time. 3) I include utilities in my lease and I think I need to define what that includes.

I barely made a profit and I paid cash for everything.

Now my concern is that the 1st mortgage may also foreclose and sell the property - and I would lose the property and the money i paid for it too.So can i offer to pay their balance and stop the foreclosure?

If you don't mind that all you get to borrow is 70% of what your true property value is then i suppose a HELOC isn't the worst way to go.In your situation, expect the bank to base their lending decision on what you paid for the property 6 months ago.

Lastly, consider collecting rent online in the future.

I'll share the basic details of my policy as well as the process we are being told to follow via insurance:$55k +/- fair market value of home$75k insured value classified as "replacement cost"$3k deductible with fire, water and smoke damage coverage$3k coverage on loss rents$39k principal balance left on mortgageWe submitted the claim online with the photos below.

In other words you get it at current value, not what your grandmother paid for it.