I am former military, got out about 5 years ago and have been Government Contracting out of DC ever since until 1 year ago when I took an overseas position for a change of pace.

Royal pain in the ***.Found out later they are GMAC and mostly owned by the government.

This albatross raises my DTI, so adding new rentals to my portfolio is tough (as far as I know).Two loans on it380k at 5.125% 80k at 4.75% I refi'd it in 2010 when banks were rushing to do refi's before the government made them do something drastic.

It's also 10 times more regulated than RE, break RE laws you're probably looking at state laws, break finance law, it will likely be federal law. 

Currently the government is subsidizes flood insurance, so if they stop you better have several exit plans for that contingency.   

It is always BEST to get the information first hand and learn why 95% of that MAJORITY Population will retire BROKE or dependent on Government, Friends & Family, Welfare or Social Security.  

The government doesn't understand moving money from one pocket to another. 

Postponment for loan modification is a Federal requirement now.

Send it Federal Express.

With Lansing, you have better prices and with MSU, state government and GM all as local employers, it made sense to me too.