I was told that if I did I would pay higher interest as the home is not my primary residence, but still, this all seems like a huge hassle.

The all others is critical and covers everyone known or unknown to reside in the property.This way someone living in their cannot say the eviction says so and so but not me so you can't make me leave.Front and back lock sets cost me 28 dollars for the set with deadbolt and we put those on the second we finish with the writ or the tenant voluntarily hands over the keys and it is vacant without filing eviction.We do this because sometimes even if tenants leave on their own they have an extra key they don't give and then when where they move to doesn't work out or have enough storage they start putting junk back into the apartment they vacated or try to squat there one day and then another place another day.Sometimes in apartments tenants will hop from one apartment where they are evicted to staying with the unit next door that is paying.After awhile say a week or so the good deed wears off and that tenant wants the people gone from their unit.Was the power in the husbands name??

If you have more than ten financed proeprties, you can't get another conforming loan or even refinance an existing conforming loan.If you have more than ten financed proeprties (including your primary residence), you are on the merry-go-round for a loan that you are just not eligible for in the first place.

I just closed a house in the $320k range for a Doctor in residency in Atlanta... it was probably the easiest transaction I've ever seen, and he got an amazing deal. (0% down, APR under 3%... he actually walked away from closing with a check for his earnest money!)

If you fix a place up and add a lot of value, the owner might decide to rigorously enforce contract terms and do their best to make you violate the terms so they can void the option part of the contract.More fundamentally, though, a residence, IMHO, is not an "investment".

I'm a Wisconsin resident who is looking into getting a reciprocity or out-of state license with other states...

This enabled me to save quite a bit of money for the next investment which ended up being my primary residence at the time which was a 2 family so that tenant ended up paying 3/4 of my Mtg on that house.Having other people's money work for you can be a great way to build a bankroll and or free up capital for you to invest elsewhere!

Joe, are you buying a house to reside in?

This was even on my personal residence, I wouldn't hesitate to use it on a rental if needed.

I read on Fannie Mae that to qualify you either need to be a big shot company with $5M in assets or a qualified investor ($200K/yr income for past two years or $1M net worth not including your primary residence).I may have read this wrong but it seems to me you cannot even find out the details of the program (such as the discount) until you are qualified and you cannot qualify unless you a rich.