I think I would recommend people start class b but I recognize the challenges to get the numbers to work.  

So they would first payoff the first mortgage, if there is a second then $ goes to the second and if anything above that goes to any other lienholders or the homeowner.There are a lot of people who invest in 2nd mortgages because they are cheaper than a first, but in Ohio (not sure all counties) you have to pay off the first at foreclosure so if you do not have the money to pay off the first you are out of luck. 

And, I think its fair to say that we all may forget what people say or the information they provide, but we all never forget how someone treated us and made us feel! 

Some questions for the people with experience: What are some basic landlord problems I will most likely run into?

James and his people who manage the program are nice and give basic sales and negotiation advice but not much that moves the needle in any situation.

I really feel this is helping people find affordable rentals.  

Most people are not rich there, look at the cars. 

In regards to your offer, I am always willing to learn more from people who've been there and done that. 

How would you like to be a tenant waiting on a repair because the owner wants 3 bids for everything and not only will that delay the repairs, but you'll have 3 people coming through your home everytime you make a maintenance request?

Now some people may argue higher interest rates are good, as it drives out competition on new acquisitions.