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. 

My questions is since it is a business can it be reported to the credit bureaus to shop my ability to pay the loan on time?

What affect will that have on your ability to qualify for future properties? 

@Farzan SetayeshYou do technically have the ability to take them to small claims court if you wish.

I get the less leverage aspect makes you more vulnerable to the underlying house price, but the lack of debt gives you the ability to maneuver around that & its likely a high house price point will appreciate more than the average over the long haul but these are just two years in, you got to wait till really year 8 to start trading the equity. 

Some clients only want the value add stuff with a higher return and some want move in ready with a lower return but the ability to preserve their capital for a down payment on the next one. 

You get the best of both worlds, and you can reduce your cost of living and sometimes live for free, even with a 7% interest rate.Personally, I don't recommend starting with properties with HOAs since HOAs can restrict your ability to house hack it with different strategies, and they can even restrict your lease from being under one year.Hope this helps!

I hope my abilities will serve me right with real estate investments.I am interested in buy and hold or fix & flip deals of SFH up to $250K.I would be happy to get some tips and start building connections and a local team.I appreciate your help,Chen