I have talked with the owner and she is eager to answer questions but the answers are off her head and have not asked for any documentation or proof of anything yet.the properties are being rented out for 750.00(2br 1bath), 850.00(3br 1 bath), 750.00 (2br 1bath) and 850.00 (2br, 1 bath)the homes are in moderate condition but have def been lived in hard...

However, this program is only available to borrowers with income low-moderate  below the median income for the county where the subject property is located, and more importantly, borrower cannot hold title on any other property, even if is free&clear, sometimes borrowers do a quit claim deed before closing so they can qualify for this program. 

Third I moderately leverage investment real estate so I am reasonably protected from a down turn (they do happen quite often).  

From experience in BP meetups conversation typically comes fairly easy without a whole lot of moderating.

They dont pay to be there, both alcoholics taking advantage of their dad and they have been physically abusive to him.

For a discussion of the roles of Fannie Mae, Freddie Mac (FHLMC), and Ginnie Mae (GNMA), see the Library.Fannie Mae's Community Home Buyer's ProgramAn income-based community lending model, under which mortgage insurers and Fannie Mae offer flexible underwriting guidelines to increase a low- or moderate-income family's buying power and to decrease the total amount of cash needed to purchase a home.

With regard to paying people to stand around, my thinking is to start with a part time employee with the intent of within a moderate amount of time ramping it up to a full time employee and perhaps 1-2 additional part time employees.

These are guys who couldn't get a date with even a moderately interesting girl if their life depended on it, guys who had absolutely NO game, especially guys who said TOTALLY ignorant things about sex that made it obvious they'd never, ever had a memorable night with a woman who actually looked forward to going to bed with them.I'm still in contact with a few of them.

Gave me practical experience finding deals (and the tools & techniques involved), working with realtors, lawyers and banks, appraisals, inspections, insurance, property taxes, utilities, closings, HUD statements, etc.Owning a home gave me more practical experience in basic to moderate home repair, dealing with contractors for more complicated issues, capital improvements, insurance claims, "neighbor relations", and many more important aspects involved with owning property.But in addition to buying and owning my own home, I'll say what was equally important to giving me confidence to get started was having a few friends who were already doing what I wanted to do. 

I'd prefer something with at least a moderate cash flow that would appreciate so I could meet ROI goals.