I am always a fan of financing so I have the ability to pay over time and the money I pay with future payments would be worth less due to inflation, freeing up my capital on hand for other ventures.

Seller does have to prove borrowers ability to repay.

If you have the ability to walk away due to contingency, consider it. 

There are other factors to consider, such as the quality of landlord-tenant laws, the court's ability to protect landlords, the ability to find a quality property manager, etc.

I'm surprised they have the ability to simply deduct the money from your account.

Sending a bill for $6,000 is a touch over guerrilla marketing.

Could this hinder my ability to be competitive in the rental market when I am ready to list?

I also asked as I mentioned above about the ability to build out custom reports based on the financial information that they are getting and the supervisor said that she would work on some custom reports for me.

At that point we give the tenant a list of charities and agencies that will assist individuals who are at risk of homelessness so they can get assistance if they don’t have the ability to pay what they owe.I beg to differ that “Literally, in the terms of the contract, it states HUD is responsible for any damages to the property.”  

I've gotten a tremendous amount of email and private messages with the kindest of words, and I sincerely appreciate it.Unfortunately, there's been so many emails and messages that I haven't had the ability to respond to everyone, despite my best attempts.