[quote=scaredycat]the appreciation is a gain for FHA or 20%. in order to meaningfully compare the 20% v FHA, have to take out gain/flat from the equation.[/quote]
I admit that I’m not skilled in intelligently absorbing all of these calculations, but are you taking into the account the much-improved monthly cashflow of 20 percent down conv. vs. FHA? You could sock away the difference or use it to increase your incredibly skillful PM plays. I guess it boils down to the “walk” factor making that a moot point?
