There is less paperwork, no up-front PMI, and monthly PMI drops once you hit 78-80% LTV; 2) The FHA "100 Mile Rule" may prevent you from using a FHA loan on the new duplex.You need to learn to do a comprehensive rental analysis (there are plenty of resources here on BP).

That's a lot of money.If they refuse, let them know you'll hold them accountable for every dime and it will sit on their credit record for the next seven years, possibly preventing them from renting or qualifying for a loan.

I'd love to unpack this using a few trends I've observed and implemented in my life.  2019 - I averaged 1 zoom meeting every week from a left or right coast BP investor who "is buying 20-120 houses this year". 

Now, while that is the case with the flooring itself, it doesn't prevent derived issues from water exposure, most notably subfloor damage from a crawlspace-related leak, mildew growth, etc, but the material itself is not affected by water.Yes I have, with no issues (specifically with vinyl, but no promises for laminate or engineered wood products). 

I had to reject many requests and airbnb has a new rule that pre-emptively prevents under 25 year olds from renting homes on weekends.   

I put it in a email so that have documentation.It would be unfair for them to pay in advance and then a Covid issue prevents them from coming.I try and be fair with anyone renting from me.

(Just bathroom area)Unknowns/concerns:• Sealing to prevent future leakage• Preventing future mold problems• Possible future electrical issues• Ensuring that it is okay to take out the current wall• PermittingAny and all advice would be greatly appreciated!

Then, once you have your systems down, you can take those and implement them in other markets.Hope this helps a bit and please feel free to message me anytime if you have other questions or just want to chat!

I do have a very specific screening process and tenant placement policies that I prefer to stick to and implement on my own.

Here's some stuff to start with in thinking about how to do it-https://www.biggerpockets.com/...The next thing would be to learn everything you can about the particular strategy you want to implement--how to actually profit, what are the risks, and what are the mitigations for those risks?