HOWEVER if you are Trying to ACQUIRE the property and the borrower on the Note is now deceased - the ONE Big question (among others) is How do you get marketable and insurable TITLE Transferred over to you SUBJECT 2 that existing debt?

There is one book for 49 states and a separate book for California.

I know one that have less interest rates and more trust worthy and will help you according to your needs.

Since I’m not trying to have negative cash flow, I’ll likely sell it when I leave and roll that equity into another investment property when I move to my next duty station and use a VA loan to buy another primary residence. 

My insurance costs went up dramatically after year 1 in one of my properties so I asked around to other local RE investors and found this contact. - Chris Kersey 

@Damein WhiteDifferent cities or municipalities could have better or worse schools as well as one of them could require a POS and the other could be the city of Cleveland which doesn't require that.

But, you could face limits on deductions and miss out on some tax planning opportunities if you do that as well.If this is a one-time deal, doing it as an individual might be easier.

Hello, I am new to Real Estate investing world, and have been educating myself since summer of last year, and been to only one local REI meeting and currently enrolled in a very good online course mostly on how to wholesale properties, but still have not pulled the trigger yet.

Sounds like you got the wrong policy and the correct one was more expensive.

One last thing - why FHA?