. --- Who gets all the phone calls and wastes time calming a tenant down because the owner's contractor doesn't show up as scheduled after they took time off from work or a 3 day job takes 3 weeks?

Build up job skills, build up savings, and increase your W2 income.

While the co-signers add some security, the family’s newness to the U.S. and uncertain job situation make them a higher risk overall. 

Lots of investment in the region as well so hopefully quality job growth will continue.

Then he is going to hire subcontractors to do the job and you are going to pay them for that work as well.  

Misjudged the job cost (contractor error, usually results in asking for more money)2.

I don’t know, if you just want a job I guess arbitrage could work.  

Used PSI last year, they did a bad job, the snow wasn't even bad last year and with several attempts asking them to do better within the terms of the contract, they still sucked. 

Nice job!  

Well it is doing loans for folks who bought sight unseen and trusted contractors/turnkey providers who sell the dream but in the end do the absolute min in rehab work (even though charge for a much better job) and/or sell a buyer on a class B type neighborhood that is  reality a class D neighborhood in an already low income town.