PenFed requires you to be a member, but you can just sign up (and pay a small fee) for one of the military support clubs and qualify.

:40-60% gross revenue (after cleaning fees) for either 2 years or until the investment is recouped then 5-15% cut in perpetuity. 

A FHA loan may have more fees and a higher payment because of their charge for like property tax and insurance. 

Be careful to read about broker and other fees, or you may end up spending more than you expected.

In most cases this requires a capital expenditure that should be factored in a Comparison analysis. 

The one I looked at, the platinum on Koval (this was 5 years ago when I wanted to rent it out when I wasn’t using it.) doubled the Hoa fees for every week beyond 2 per year that they weren’t allowed to rent it out.

3- Can I use a portion of the sale money towards closing costs and other fees associated with the new property?

But the broker hasn't pointed out any errors in what I have presented (he's trying to sell "potential" and "upside", making it sound like my fault, etc.).I've already put in quite a bit of money (attorney fees, inspections).

But the math works out and numbers don’t lie if you have factored in all your variables conservatively.

One month due to time and one month due to fees.