I have nearly 40k in government student loan debt, debt that I would love to get rid of.

Hi Connor, This is my understanding on this type of loan.The FHA Loan  is mainly an insurance program by the FHA (government entity) that allows low down payment on the purchase.

I didn't do home improvements and shop all day - I was actually working full time for the Federal Government (I said I did the crappy stuff after work) - as I still do today.  

Went to a free tax liens presentation where they sell a 3 day work shop and their software for $600. Anyone know how successful this venue is? Thank you!

Just be aware that when they stop paying rent, you can go through the trouble of suing them, but you cannot collect on a judgement against anybody who is on any government income.

This property is not in "Beverly Hills" by any means, it's rough and our tenant pool will be a lot of section 8 type people but it's literally 1 block from the State Capital and other government . 

your best chances are garnishment if the tenant has a long term job at a reputable company or at a government entity.  

The pros far outweigh the cons, which include:Safer living & health conditions for tenantsA peace of mind for you as owner & for tenantsWhich can then in turn directly or indirectly, depending on your perspective & outcome, reduce vacany rates Don't forget the other pros;Lead contractors will make a fortuneMore regulation is always betterThe government knows bestThe list you provided above is fluff.  

It is not wise to learn the regulations governing the business you are about to start after you buy the business. 

I have been consulting people and governments for years on financial matters and legislation.