When I am purchasing my townhome the lender wants extra stuff from HOA and it turns out HOA is under litigation.

Here are some scenarios that I can think of:1) Use the extra money from the rent to get to 20% equity and eliminate PMI.

Cant wait for the food too!

Now that I have 12, I am understanding the "ebb" or "flow" of operating capital and  how to easily keep 6 months reserves, it is all easier with more cash flow now, in a few years you can refi or pay extra principal if you like.  

Also has a detached garage that rents out separately for extra income. 

Should I get a little extra (higher LTV) for the next investment?

Unfortunately, our property managers have had to take those extra steps to get a very small percentage of our tenants to apply for the assistance.Best of luck! 

Unique idea about the extra long closing, though I'm not sure I'd be comfortable with that since I see all too often seller's get jumpy, even if a contract is in place, if they have too much time so that makes me a bit hesitant.

After reading yesterday I discovered that it could also be smart to get an umbrella policy with the reasonable limits for that extra protection.

It turns out there were some things that our inspector missed, and we were very happy to have the extra funds available to address them.My suggestion would be to make sure you have enough for the down payment plus a decent operating budget/emergency fund....maybe 6 month worth of projected expenses at least.Hope that helps.Mike