And sometimes if there is big equity and no junior loan its best for them to let it go to foreclosure because we are in such a Heated court house steps buying environment that the owner could get a big fat overage check seen those in the hundreds of thousands... 

The second time is when you permanently take a withdrawal in retirement. 

And then extend that benefit permanently to your heirs.

Also, I am preparing to get Real Estate Agent license (will take the exam after obtaining permanent residence in the first place).My current goal is to have 5k/month passive income in 2 years.

I would be happy to answer any questions you have regarding common loan structures a bank will offer for certain real estate types, standard underwriting requirements and thresholds for both banks and permanent markets, and other questions you have regarding what a bank is looking for on any given proposal.As I'm sure is common with the majority of people on BiggerPockets, I would eventually like to be my own boss and get out of the 9-5 job, even though I am gaining crucial knowledge of the real estate lending environment.

PMI is permanent and does not go away when LTV gets below 80% (like they did in the past), on today's FHA loans!

The other wants it to be a permanent partnership and use for a rental. 

It does not have a permanent source of heat.

There are "bank alternative" lenders who will do permanent refi loans up to 75%.

When finished, call me for a permanent investor mortgage. 434-325-7229