Also being awakened by them has been spectacular - nothing beats being jarred awake at 6:15am by a toddlers screaming at the top of their lungs horse playing in the front yard.

This just screams shadiness!

Or does it scream scam?

This place SCREAMS AirBnb. 

(I think once they started looking, they realized they had a screaming deal at $1836 for a 3 bedroom in 97217, and hadn't known how good they had it.

They might hang up, scream at you, disappear off radar but always keep in mind you need to keep tesing the market.Here’s my "10 Minute" Analysis:First calculate the price per unit: purchase/asking price $450,000.00 divided by number of units to get to your unit price. 

Stay tuned for everybody screaming when the stock market corrects again.

So here we missed one payment in this example, but our credit report actually shows 3x30 day lates.Like @Harjeet Bhatti said, you're probably cut off from the gov't subsidized Fannie/Freddie stuff for an investment property for a year or so.However if you come across something, and it's such a screaming deal at that price that it still makes sense even with non-ideal financing (remember that if you have to choose between the two, killer price is better than killer rate -- as any successful flipper will attest to), there's a lot of "Alt-A" (once upon a time called "sub prime") that's come out just in the last year that's better than HML.

Basically jumped on the first property we could get into since the market is screaming here.

Shed blood is sometimes thicker than family ties and your lease doesn't compare.The question you need to answer is why is this guy homeless.