I know they have an portfolio product as well, although not sure of the terms.

However given the correlation to commercial RE thought here was best.I've noticed on some of the financial products I've been pursuing/commercial loan apps, and personal financial statements, all of them have asked about life insurance.For any in the commercial lending realm or those who have filled out more commercial lending applications/financial statements than they care to remember, do you feel or know if the life insurance section carries much weight on  your application/ability to obtain the loan?

I have laid out a rough draft plan that should allow me to acquire 35 rentals ranging from purchase prices between 65k-100k by the time I turn 31 years old with rental rates ranging from $850 up to $1300 a month (putting at least 20% down on each home with a conventional loan, depending on the condition trying to get a conventional rehab, and using the positive cash flow to pay down mortgages/use towards down payments on more rentals) I have read multiple books from millionaire investors such as Manny Khoshbin, Donald Trump, and the like.

we had a good time but tge event we were at was not really productive. 

The main exceptions would be people that inherited or bought the houses extremely cheap.There are a lot of ways you can acquire that next property. 

So, you can pay for a product that will never pass a home inspection, appraisal, or occupancy inspection.

This is an accounting question, how would you do the accounting for a property acquired in a subject to transaction?

However, being an FHA product, it comes with PMI.  

Once the redemption period is over(how long depends on the state) then you can acquire the property for what you paid for the tax lien.

I am trying to think of another way to acquire the property without assuming the loan and having to put out 30%+ for a down payment.