While the 2020 pre-leasing window was a little more nerve inducing than other years, I believe with the vaccine on the way and the proven ability to adapt to a socially distant environment, student housing in general will be in a good spot for the 2021 school year and going forward.

The multiples you have in front of you are smile inducing...:)) 

Also, signing contracts with no ability or intention to close is called FRAUD BY INDUCEMENT.

Needless to say I'm majorly bummed and don't really know how to handle this situation. 

What a freakin pitching performance by mad bum... great game KC was awesome but my boys pulled it out.....

It does not matter if you sue and get a judgment if they are bums, you can't collect, however if they are employed for a while at the same job for a while, you may be able to collect if you get a judgement.

How easy would it be to rerent if the current tenant is a bum?

I only had the tenants there a few weeks after I owned it and showing them the writ made them move out quick.They were bum tenants living in filth.

I'd look like some bum that just rolled out of a fortune builder course waiting for everything to be handed to me.

@John WhitfieldHere is some info on FHA Financing to help you get started;Single Family Residence or The rental units are an owner-occupied two (2), three (3) or four (4) unit property Maximum Basic Standard FinancingSingle - $271,050Duplex - $347,000Triplex - $419,425Fourplex - $521,250FHA Basic High Cost area limits are:Single - $625,500Duplex - $800,775Triplex - $967,950Fourplex - $1,202,925Financing for Hawaii, Alaska, Guam, Virgin Islands -Single - $938,250 Duplex - $1,201,150Triplex - $1,451,925Fourplex - $1,804,375Here is the site to search by county for the maximum financing. https://entp.hud.gov/idapp/html/hicostlook.cfmMaximum Financed Properties The maximum of four financed properties includes the subject property.Inducements to Purchase Certain expenses, paid by the seller and/or another interested third party, on behalf of the borrower, are considered “inducements to purchase” and result in a dollar for dollar reduction to the lesser of the sales price or appraised value of the property before applying the appropriate LTV factor.