They're also easy to qualify for since the underwriting is based primarily on the property, not you as the borrower (no DTI requirements). appy to connect and chat further if you have any questions. 

Obvious answer is get a PM since you have no idea that you trained them to pay late.Most of them actually believe the tenant is not late till the late fee grace period ends.

Your income would qualify you for the Homeready/Homepossible products and you may find that is better pricing than FHA.

Easier Qualification: Buyers with less-than-perfect credit may find it easier to qualify for a land contract.

There are a lot of condos already on the Fannie Mae approved list for example and that only requires 5% down.Stay away from anything that is a Co-Op those are a nightmare in most cases and a lot of the Co-ops have by laws that require 25% down for example even if you qualify for 3-5% down.

I have no properties so I would qualify as first time home buyer. 

A first time homebuyer will qualify for a homeowner exemption to bring down their taxes. 

Where the letters aren’t outright fraudulent and lies, they are misleading, with the person selling or giving the proof of funds letter to the unqualified wholesaler doing zero due diligence on the property and at best stating that, technically, funds could exist and or be set aside for the purchase of the property,The practice, when used this way is meant to mislead, and those who ask for, give out, or receive, proof of funds letters in this way are not welcome here on BiggerPockets.The right answer here is to qualify for a loan on the property personally, and show this to a seller, or to be straightforward with the seller that you are in no position to buy the property personally, but will be wholesaling it for them. 

You will need to contact the city Building Dept to ask if there are any city coded you must follow.Or, hire a qualified Property Management Company.

You can potentially qualify for a regular rate & term refinance of the 91k loan (plus closing costs) within 12 months.