What if the shoe was on the other foot?

As far as funding, our local HUD is hanging on by a shoe string and doesn't know when more funding is going to be allocated.

Yes, if I were in your shoes I would cover the cost of the girlfriend's background document, while having the boyfriend pay his own way.You'll want this info not just to ensure you don't have a problem now, but also to provide you with the deep personal data that might come in handy if you ever have to engage in collections activity against either of them.As an aside, when you purchase a rental property with tenants already in place, you should always demand all the tenant application and approval documents as part of your overall estoppel process.Once you buy the property, they become your tenants, warts and all, so you should know what you're getting into well in advance.

Use your own intuition and put yourself in the shoes of a renter and look at the proper comps in your area.

If you have a contract from a licensed and insured contractor with good reviews you shouldnt have a problem .Put the shoe on the other foot .

Their success should be an inspiration because you'll learn more of what's possible.If I were in your shoes - I'd make a list of turnkey providers and have calls with every single one of them.

@Noah Farley I'm 33 now and while I wasn't in your specific shoes at 21, I can relate with the desire to "just do it".

SO MUCH money can be saved (and hence made) by the liberal use of tact and putting ones'self in the others shoes.

If I were in your shoes I would try to do a 1031 exchange so you could avoid taxes as much as possible and put that money into a property or multiple units that could be more profitable and make you more money.

In your shoes I would hop on a service like BoxBrownie and have some renders worked up based on the plans that are already in process and the finishes the builder has purchased.