And I had to come up with a month's rent (nearly $1300) in security deposit, because HUD doesn't subsidize security deposits.  

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

It will be not only complex (but doable) to secure financing for it, but the real issue is that if you ever want to sell it, it will be super difficult for prospective buyers to secure financing unless they are seasoned investors which limits your potential buyer pool and potentially your offloading price.

No, you can't have them waive this.You will never get an eviction on such a lease from any JP who knows ANYTHING about executory contracts.Do you understand why this is a disfavored method of conveyance?

Our partner, Archie Raglin, helped us secure the property at $11,000.

A lot of other markets 20 years from now could be ghost towns with little demand.But on the flipside, that safety/security comes with lessor immediate returns, as is a normal balance with investments (more risk traditionally equals more short term gain potential). 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

the seller has to trust that you / the buyer is going to make the payments and also pay the taxes and be a good steward of the property since that's their security on the loan.usually you'd put a balloon in, but i bought one deal where the numbers worked out for us to fully amortize it over 12 years. 

A few months later, we received a notice from the lender stating that we no longer had home insurance and needed to secure coverage within a certain number of days.As it turns out, our original home insurance was canceled because it required the property to be owner-occupied.