Simple question.

FHA rules are pretty simple when it relates to PMI and when and if it can come off.  

I used $60k to keep the numbers simple, but I would also cover all the costs that a seller would normally pay for, namely the real estate commission and the sellers side of the transfer tax.

I am talking advice so bad that any simple Google search would give a better answer.

Simple - - deny the application as "Unable to verify prior residence" - - move on as you're only going to get more complicated with this one.

@Lisa Juarez...Ask..It's that simple.  

When buying an investment property here in NJ to either to flip or hold, my plan was to move it into my business name (newly formed business) after closing (simple deed transfer).

pretty simple  the note is not that big of deal.. its just a promise to pay.. what you want to concentrate on is the deed of trust.. simply get a copy of a deed of trust that has been recorded and redact and insert your legal description your Grantor Grantee.... the note just needs amount terms .. and any late payment etc. 

It is, plain and simple, a fire hazard.

So while it's hard to give too close a range as a rule, you can probably get a simple one for less than $5K.