Will see how this goes, but am concerned about it impacting my ability to get a loan if the seller says no.Another question -- the test revealed that both neighbors have oil tanks in their back yards.

Basically the only thing you loose it the ability to offset ordinary income and of course your tax rate changes.Offsetting ordinary income with depreciation from investments is an awesome perk but the tax advantages of real estate remain pretty amazing no matter how rich you become. 

How close do they look at the equity in rentals when determining your ability to pay the mortgages?

.- Bought with an FHA loan in July of '16- Paid market value of $166,000- Remaining loan is $160,000- Raised rents from $1,150 to $1,450- New appraisal of $210,000 from improvements and comps in my area.I am wondering where my owner occupied loan will be up in July, I have the ability to refinance into a conventional loan and be able to get another FHA.  

College degrees are essential for certain careers. 

The ability to find deals is the absolute most difficult part of the Miami market specifically.

Mobile homes are chattel - you use a bill of sale, just like a car. 

^ ask your inspector if they have the ability to inspect the drain.

Unless you already had a decent job for 2 years (Minimum) while in college, lenders will typically give you financing based on you graduating with your bachelor's degree and securing a contract with a job in your degree's related field.

20k/year with a masters degree isn't an ideal situation.