If your goal is financial independence or freeing up your time for other pursuits, you don't want to be plunging a toilet at 9pm on a Sunday.The more involved you are with your renters, the more likely things will go south on you.Just some things to consider.

Hello, i am a seasoned investor who loves to connect with like minded people to discuss life liberty and the pursuit of happiness.I would love to connect and see how we can build each other up.

Best of luck in your pursuits :)Forrest Faulconer

Hi All,
My name is Andrew and I'm from the Southeast PA area (Philly suburbs) and have been involved in real estate since 2006 when I purchased and "house hacked" my first home.  To date I've been focused on buy and ...

I've been relentless in my pursuit of learning and knowledge in the past few months and will continue to do so either way. 

Here is a link to a good, high-level overview of a few of those items:https://www.fhaloans.com/artic...Taking on an FHA loan knowingly not intending to fulfill the occupancy requirements could be considered fraud and end in civil or criminal pursuits, which would likely be the worst case scenario you mentioned above.Good luck on your home search!

As you mentioned cash flow can be a difficult pursuit especially in the early stages of ownership.

If so, what is your pursuit/desired outcome? 

(It sounds like) this is something you are doing on a regular basis for the pursuit of profit, you are actively engaged with other investors to loan to, while it isn't a full time business, you are in the business of loaning money.

Maybe he inherited the properties or maybe he is in hot pursuit of an early retirement, feel him out it may open a unique opportunity or be a dead end.