And of course the vast majority if not all got wiped out when I bought at the steps..

I believe all fha loans, as the vast majority of other loans, included a release/forgiveness for the unpaid debt.

Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.

Most of our tenants are traveling nurses since our properties are located near major hospitals in Indianapolis.

Proper setup from the start can prevent major issues and ensure you're profiting from the start!

that is potentially high risk for both of you if the bank calls the loan.and if you don't have money for the down payment, what happens if there is a major expense?

Other examples include Habitat for Humanity, local veterans organizations, etc.

This is probably treated as a minor versus major subdivision.

We've had it happen before, nothing major, but just some extra money we weren't originally planning on spending to turn a unit. 

Are there any good outlines or templates for an introduction letter to the tenants, or any major points I should make sure I put in my letter?