If you do, could I ask how that has been going and has the rents been comparable to the payment standards advertised by the respective housing authority?

Generally, lenders will require you to have a substantial down payment.

I used 7/1 arm provided by builder. its 5.25 with 30% down payment

I went to one of there meeting and was gonna join but as i was making payments to take the 3 day class.

Looks like Paramount is under Federal investigation for having failed to make agreed payments. 

You might get these days 60% leverage so you'll likely need 40% down payment plus reserves and the financial institutions will want you to keep those capital reserves in their institution.If you are a new investor, there's a couple of opportunities to get started. 

Rent was due by 5th but no communication on late payment and is not responding to my text/emails. 

At closing, the buyer and their lender determine whether the credit will reduce down payment, closing costs, or as a credit.5.

Financing: I'm confident I can put $10,000 down as a down payment within the next year.

I jumped into real estate doing the BRRRR method, understanding that holding property will allow me to build generational wealth, but then learning that landlord income is not the best way to feed your family.