We are all at different points of life with the same goal to increase income but the vehicle for some will be a better fit for others and vice versa.

Doesn't have to be a real life deal (even better if it is). 

The downside is the Mortgage insurance that is there for the life of the loan however once you reach 80% LTV you can refinance into a conventional which will remove the Mortgage insurance.If the plan is to get a non-owner occupied loan then you will need 15% for a 1 unit or 25% down 2-4 unit.

Assume $5000 to replace/ 9 year life span/12 months in a year=  $46 per month for 1 item in a capex budget.

Hi Daniela,It would be smart to have an inspection done on the furnace paying close attention to age and if the heat exchanger is cracked (a carbon monoxide danger).Using a home inspector might give you a better opinion than a furnace sales/tech type person.Find out the remaining years of service life for the furnace--and the cost to replace it when the time comes.Good Luck!

It sucks, but life happens.

Did you hash out a buyout or purchase life insurance on each other in case of death?

I like the location so I may take my shot on an offer that isn’t as-is at numbers I’m comfortable with and if I don’t get the deal, life goes on.

The PMI fee drops off when equity reaches 20% of the loan to value but the FHA fee is constant for the life of the loan.

Mortgage recasts are not available after refinancing.Option 1: Get a $75k loan, have a $150/mo cash flow.Option 2: Get a $90k loan, have $80/mo in cash flow.Is it better to have the additional cash flow over the life of the 30 year loan based on the $75k loanorIs it better to take on additional mortgage debt to reduce the need for private money over the 3-5 year time frame?