Is it doable - yes but you will need to go to a lender who probably uses their own funds vs. an instituational lender as they will not like 2nd position nor the low amount.

The only way I could see that he could is if it was a multi-family property, but you'd probably only be able to apply it pro-rata towards the units he did NOT live in.4) If your AGI is < $100k, the max is $25k.

There were times where I got frustrated with him and there were probably more times that he got frustrated with me.

Just not worth it plus it's probably going to just get worse.I would not renew and re rent with it not being furnished assuming the furniture is trashed.

Probably not even close.  

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If you’re confident in handling the entire process from start to finish and know how to mitigate risks when things go wrong, then you probably don't need an agent.

You probably have a lot of friends or relatives with money to invest and an interest in real estate, but they have no clue what to do.

The one parcel that we will develop into buildable lots will probably be after we have built out/sold off the initial 30ish lots that are ready to go, which should produce capital and prove demand. 

Remember if a deal sounds too good it probably is.